Channel NewsAsia
Channel NewsAsia
AsiaPac · 4 hrs ago

Japan to diversify crude supplies, back Mideast pipelines in resilience effort, media say

TOKYO, Aug 26 : Japan is set to unveil on Wednesday a comprehensive plan to boost resilience of its energy supply, with steps such as diversifying crude oil procurement and supporting Middle East pipelines to bypass the Strait of Hormuz, media said.The plan will be outlined at a meeting of the government's Green Transformation (GX) Implementation Council, Kyodo news agency said. • Prime Minister Sanae Takaichi set an end of August deadline for preparation of a package to beef up energy resilience after the Iran war and the effective closure of the Strait of Hormuz highlighted Japan's heavy reliance on Middle Eastern crude.• On Tuesday Industry Minister Ryosei Akazawa said the plan featured measures to cut dependence on supplies through the Strait of Hormuz, as well as bolster non-fossil fu
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