US Edition
Published • loading... • Updated
Japan and Indonesia to boost energy security cooperation as concerns grow over Iran war fallout
Japan and Indonesia plan wider energy cooperation including coal, LNG, and critical minerals to offset Middle East supply risks, with Indonesia supplying half of global thermal coal exports.
- On Tuesday, Japanese Prime Minister Sanae Takaichi and Indonesian President Prabowo Subianto met in Tokyo, agreeing to step up coordination on energy security as the US-Israeli war on Iran squeezes oil and gas supplies vital to Asia.
- Escalating conflict in the Middle East has disrupted oil and gas shipments through the Strait of Hormuz, threatening Japan, which sources more than 90% of its oil imports from the region.
- Indonesia, the world's largest thermal coal exporter and major LNG supplier with roughly a quarter of shipments bound for Japan, signed 10 memoranda of understanding worth US$23.63 billion, including nuclear cooperation in West Kalimantan.
- President Prabowo Subianto pledged both nations will "make their best efforts to convince all parties to de-escalate," while inviting greater Japanese participation in critical minerals and nuclear energy despite the 2011 Fukushima disaster.
- Japan announced March 27 it will allow utilities to increase coal-fired power production from April to cushion liquefied natural gas disruptions, while Indonesia released state and commercial oil reserves to stabilize markets.
Insights by Ground AI
13 Articles
13 Articles
Associated Press News+5 Reposted by 5 other sources
Japan and Indonesia to boost energy security cooperation as concerns grow over Iran war fallout
Japan and Indonesia have agreed to deepen economic ties and work together on energy security as the two Asian countries face growing uncertainty over oil and gas supplies.
·United States
Read Full Article
RI, Japan seek deeper energy ties after $23.6b in deals - Economy - The Jakarta Post
·Jakarta, Indonesia
Read Full Article
Coverage Details
Total News Sources13
Leaning Left5Leaning Right4Center3Last UpdatedBias Distribution42% Left
Bias Distribution
- 42% of the sources lean Left
42% Left
L 42%
C 25%
R 33%
Factuality
To view factuality data please Upgrade to Premium
