The Japanese energy firm has been seeking to become an operator of a U.S. oil and gas exploration and production (E&P) project as it now prioritises oil and gas investment through 2030 over renewables.
Get the Latest US Focused Energy News Delivered to You! It’s FREE:
The asset currently produces around 35,000 barrels of oil equivalent per day of tight oil and gas which JAPEX aims to increase to approximately 50,000 boed around 2030, it said.
JAPEX said it will continue to pursue expansion and profit sustainability in the U.S. through additional operator asset acquisitions.
Over the last year, Japanese companies have stepped up energy purchases, via equity stakes and offtake deals, with the U.S., aiming both to diversify their supply base as U.S. President Donald Trump calls on allies to buy more U.S. energy.
Japan’s announced U.S. LNG purchases this year have reached at least 8.5 million tonnes per year. Japan imported a total of roughly 66 million tons of LNG in 2024.
(Reporting by Katya Golubkova and Yuka Obayashi; Editing by Ronojoy Mazumdar and Louise Heavens)
Share This:
More News Articles
