Energy
Japan’s Mitsui, Itochu & JERA Could Agree On Long-Term LNG Contracts With Oman

Top Japanese electricity generator JERA, along with trading houses Mitsui & Co and Itochu Corp, are expected to sign long-term Liquified Natural Gas (LNG) contracts with a supplier in Oman, as per Reuters.
The contract will reportedly allow for the import of approximately 2mn tonnes of LNG annually from Oman for a period of 10 years, starting in 2025.
This, as per the source, will provide Japan with greater energy security, as the global LNG supply has been limited due to tensions with Russia and sanctions on Russian energy.
JERA, Japan’s largest LNG importer, confirmed that it will be signing the basic agreement with the Omani company. More information is expected to be published soon.
Reuters stated that the Japanese industry Minister, Yasutoshi Nishimura, will reportedly attend the signing ceremony. Japan imported 1.9 million tonnes of LNG from Oman in 2021, representing a significant 2.6 per cent of its total LNG imports.
-
Automotive2 months ago
South Korea Plans to Support Auto Sector with US$2B Following US Tariffs
-
News2 months ago
Aligning HR Strategies with Oman Vision 2040: A Roadmap for Organisational Growth – OER Business Summit 2025
-
News2 months ago
Oman Oil Prices Witness Drop Amid Shifting Global Trade Dynamics
-
OER Magazines1 month ago
OER, April 25
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, April 25
-
Renewables2 weeks ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Banking & Finance2 months ago
Sohar International Bank SAOG Announces Intention to Merge with Ahli Bank SAOG
-
Banking & Finance2 months ago
Bank Nizwa Signs MoU with Ministry of Endowments and Religious Affairs to Enhance Endowment Management & Islamic Finance Frameworks