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Saturday, May 10, 2025

Supply for Japan

Supply for Japan

Japan's Prime Minister Fumio Kishida will embark on a tour of the Middle East from July 16th, his first as leader, to strengthen ties with Gulf Cooperation Council countries, particularly in the energy sector.
Kishida will visit Saudi Arabia, the UAE, and Qatar, where Japan imports over 80% of its crude oil from.

With Russia's war with Ukraine causing energy supply concerns, Kishida plans to urge Arab countries to stabilize the oil market by increasing production.

He will also discuss cooperation on cutting greenhouse gas emissions by promoting the transition to hydrogen power.

Japan is actively developing greener and renewable energy technologies to achieve carbon neutrality by 2050.

Kishida will promote Japanese know-how in energy production, as energy-producing countries also have ambitious green targets.

Kishida had planned to visit the region last year, but his tour was cancelled due to COVID-19.

A delegation of Japanese businesspeople will accompany Kishida on his trip to help Japanese companies expand investment opportunities in the region.

Japanese Prime Minister Fumio Kishida has recently completed a tour of the Middle East, which included visits to Saudi Arabia, the United Arab Emirates, and Oman.

The trip was aimed at strengthening ties with the region and securing energy supplies for Japan.

During his visit to Saudi Arabia, Kishida met with Crown Prince Mohammed bin Salman and discussed ways to maintain stability and peace in the region.

The two leaders also agreed to deepen strategic ties between the two countries in various fields, beyond just the energy sector.

Kishida also visited the ancient Nabataean site in AlUla, where he met with King Salman and discussed cooperation ahead of the G20 summit, which was hosted by Saudi Arabia in 2020.

The two leaders also talked about Japan's Middle East allies and King Salman expressed his expectations for a deeper strategic partnership.

Japan and Saudi Arabia have a strong economic relationship, with Japanese exports to Saudi Arabia valued at $5.08 billion in 2022, primarily vehicles.

Saudi Arabia is also a major oil supplier to Japan, with 1.17 million barrels per day imported in 2018.

Additionally, there are approximately 947 Japanese nationals residing in Saudi Arabia as of December 2019.

Earlier in January 2020, two P-3C patrol planes of the Japanese Maritime Self-Defense Force (MSDF) set out on a mission in the Middle East, and in February 2020, a MSDF Takanami-class destroyer was deployed to the region.

The mission was later extended and the destroyer left the Middle East on December 26, 2021.

Kishida's tour also included a visit to the United Arab Emirates and Oman, where he met with their respective leaders and discussed cooperation in various fields, including energy, security, and infrastructure.

Japan has been seeking to diversify its energy sources and reduce its dependence on the Middle East, but the region remains an important supplier of oil and gas.

Kishida's trip is seen as a way to maintain good relations with the region and ensure stable energy
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