Latest news with #YuyaHasegawa
Yahoo
17 hours ago
- Business
- Yahoo
JERA and Woodside Energy Group (WDS) Signs a Deal
Woodside Energy Group Ltd (NYSE:WDS) is one of the 7 Best ASX Stocks to Buy Now. On June 20, Reuters highlighted that Japan's biggest power generator, JERA, and Australia's Woodside Energy Group Ltd (NYSE:WDS) have signed a deal in which Woodside will supply JERA with liquefied natural gas only during the winter months. As per the deal, Woodside Energy Group Ltd (NYSE:WDS) will supply ~200,000 metric tons of LNG annually during the December to February period, beginning in FY 2027. The deal is for 5 years. A worker in safety gear with a drill rig in a sprawling oilfield. As per Yuya Hasegawa, a director at the Ministry of Economy, Trade and Industry, this agreement is unusual as it covers only 3 months of the year rather than the whole year, which a regular term contract would have covered. In Q1 2025, Woodside Energy Group Ltd (NYSE:WDS) maintained its strong operational performance throughout the portfolio of high-quality assets, and Sangomar further boosted quarterly revenue via exceptional production of 78 thousand barrels per day at ~98% reliability. At the Beaumont New Ammonia Project, pre-commissioning activities are projected to start in Q2 2025, and the startup is targeted for H2 of the year. Therefore, the value-creating opportunity is expected to deliver returns above its capital allocation framework and will place Woodside Energy Group Ltd (NYSE:WDS) competitively amidst the growing market for lower-carbon ammonia. While we acknowledge the potential of WDS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WDS and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None.
Reuters
05-02-2025
- Business
- Reuters
Japan may see LNG demand up if renewables are slow; Canada there to deliver, officials say
TOKYO, Feb 5 (Reuters) - Japan's demand for liquefied natural gas (LNG) may grow by more than 10% to some 74 million metric tons by 2040 under a government scenario where the renewable energy rollout goes slower than expected, a senior industry ministry official said. Japan's domestic LNG demand continued to fall last year, dropping by 0.4% to 66 million tons due to a weaker economy, a growing share of renewable energy, and nuclear power plant restarts. Yuya Hasegawa, a division director at Japan's Ministry of Economy, Trade and Industry (METI), told a conference in Tokyo that there is an expectation that power demand will expand due to the growth of data centres in the country. "If we do not have a huge expansion of renewable energy, or if we cannot reduce the cost of hydrogen, ammonia, CCUS (carbon capture, utilization and storage), our gas demand will increase," he said. According to Hasegawa, under an alternative energy strategy scenario being prepared by METI, Japan's LNG demand will rise to 74 million tons in 2040, or by almost 10%, if renewable energy expansion is not there as other METI scenarios assume. Australia, Malaysia and the United States are the biggest LNG suppliers to Japan, but Canada is preparing to start exports to Japan later this year from the LNG Canada project where Mitsubishi (8058.T), opens new tab is a shareholder. With U.S. President Donald Trump still threatening steep tariffs on Canada, including on energy imports, Canada is turning its attention to other potential markets, including Japan, the world's second biggest LNG buyer after China. Trump has also promised to increase oil and gas production in the U.S., already the world's biggest, increasing competition among sellers for top buyers, including for Japan. Canada's province of Alberta, a source of gas for the yet-to-be-launched LNG Canada export project, wants to double production for supplies elsewhere, including to Asia and Japan, Rebecca Schulz, minister of environment and protected areas at the Government of Alberta, told the same conference in Tokyo. "Just the shipping time, half of the time coming from the U.S. Gulf Coast, it makes us a perfect partner (for Japan)," she said.
