Japan, OPEC to Organize High-Level Dialogue

Japan, OPEC to Organize High-Level Dialogue

Japan and the Organization of the Petroleum Exporting Countries (OPEC) have decided to organize a dialogue between senior officials, Nikkei reported.

OPEC Secretary-General Haitham al-Ghais and Japan’s parliamentary vice-minister for foreign affairs Kei Takagi met on Tuesday at the oil cartel’s headquarters in Vienna to discuss the outlook for the world’s energy supply and demand. They also decided to establish an ongoing line of communication, according to Nikkei.

Japan, despite being highly dependent on oil and liquefied natural gas (LNG), the company is working to be carbon neutral by 2050 through actively adding renewable resources to its consumption mix.

According to the Jiji news agency, Fumio Kishida, the Japanese Prime Minister, is planning to visit OPEC members to discuss ways to stabilize crude oil prices and to ensure stable supplies of LNG to Japan.



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