News On Japan

Alaska Oil Arrives in Japan

TOKYO - Japan received its first crude oil shipments from Alaska and South Sudan on June 7th since the effective closure of the Strait of Hormuz, as the country steps up efforts to secure stable energy supplies and reduce its reliance on Middle Eastern oil.

An Idemitsu Kosan tanker carrying approximately 730,000 barrels of crude oil from Alaska arrived at an offshore terminal in Sodegaura, Chiba Prefecture, on June 7th.

Meanwhile, a Taiyo Oil tanker transporting roughly 230,000 barrels of crude oil from South Sudan arrived in Imabari, Ehime Prefecture.

The arrivals mark the first deliveries of Alaskan and South Sudanese crude to Japan since the Strait of Hormuz became effectively blocked following U.S. military strikes on Iran and the subsequent deterioration of security conditions in the region.

Japan has traditionally relied on the Middle East for more than 90% of its crude oil imports, making the country particularly vulnerable to disruptions in the Persian Gulf. In response to the worsening situation, energy companies and government officials have moved to diversify procurement sources and secure alternative supplies from outside the region.

The government said it has already secured alternative procurement arrangements for about 80% of the crude oil scheduled for import this month that would normally pass through the Strait of Hormuz.

Officials added that Japan plans to further expand crude oil imports from regions outside the Middle East, including Africa and Central Asia, as part of a broader strategy to strengthen energy security and reduce dependence on a single supply route.

Source: TBS

News On Japan
POPULAR NEWS

Nagoya was assessing the damage after record-breaking rainfall exceeding 100 millimeters in one hour struck the city on September 8, causing a river to temporarily overflow into a residential area and leaving carp and catfish stranded in roadside drains.

A landslide on Mount Fuji buried three vehicles as torrential rain battered wide areas of Japan on September 9, while Nagoya continued to assess extensive flooding damage a day after the city recorded its heaviest hourly rainfall on record.

Large volumes of floodwater poured into the Metropolitan Area Outer Underground Discharge Channel in Kasukabe, Saitama Prefecture, following heavy rain on September 7, prompting the massive underground flood-control facility known as the "Underground Temple" to go into operation.

Osaka Metro plans to abolish magnetic tickets and replace them with QR code-based tickets around fiscal 2031, as declining use and the cost of maintaining conventional ticket gates accelerate the shift toward digital fare systems.

Ticket sales for the Asian Games are gathering pace with less than two weeks until the competition begins, with more than 60% of tickets sold for the opening ceremony and 31 sports as of September 7, although organizers say seats remain readily available for events including soccer and baseball.

MEDIA CHANNELS
         

MORE Oil Crisis NEWS

Japan is unlikely to end its heavy reliance on Middle East crude oil, even as geopolitical tensions expose the risks of depending on the region for more than 90% of its imports, leaving the country to pursue a gradual mix of diversification, electrification, renewable energy and technological innovation.

A tanker carrying about 1 million barrels of Mexican crude oil arrived off Yokkaichi, Mie Prefecture, on the morning of July 17, marking Japan's first such delivery since the Strait of Hormuz was effectively closed.

Marutake Tosou, a painting company founded about 50 years ago in Nagoya’s Nishi Ward, handles exterior walls and other building projects. Its workshop is lined with cans of thinner, an essential material used for sanding products and diluting paint, but at the end of April the company was struggling to secure supplies.

Dental clinics are facing higher costs for gloves, masks and other supplies made from naphtha-derived materials, even as shortages ease following renewed conflict in the Middle East that has disrupted naphtha supplies.

Crude oil prices have plunged to the low $70 range per barrel following the signing of a memorandum aimed at ending fighting between the United States and Iran, but while the immediate risk of an energy crisis appears to have eased, economists warn that price increases for electricity, food and everyday goods may still be about to intensify.

Japan will begin a new system on June 23 to sell paint and thinner directly from manufacturers to construction firms and other businesses, aiming to ease supply bottlenecks and curb price increases as worsening conditions in the Middle East make such materials harder to obtain.

Japan's reliance on Middle Eastern crude oil has left manufacturers exposed to rising costs for plastic containers, ink and other products that use naphtha, but JEPLAN President Masaki Takao is pushing a recycling technology that could reduce the need for petroleum-derived raw materials by turning used plastic back into material close to new.

A rice ball chain based in Yokkaichi, Mie Prefecture, is feeling the effects of turmoil in the Middle East through higher costs and supply shortages for packaging film and other materials essential to selling onigiri.