Japan & Australia: Partners In Decarbonisation, Energy Security

Japanese companies with an established presence in Australia were not only investing in new opportunities but also expanding on existing investments (such as capital upgrades to production facilities) which is a testament to their long-term commitment to Australia.

Friday 07 April 2023 | 16:40

Staff Writer

Under this project, a joint venture between J-Power and Sumitomo Corporation will supply 30,000 tonnes of hydrogen a year.

Many Japanese companies have internal rules which prevent investment without physical due diligence being undertaken.

In 2022, there were 50 merger and acquisition (M&A) deals and 51 new partnerships.

The highest value transaction was Tokyo Gas’ US$2.15 billion (FJ$4.74 billion) sale of its interest in four liquid natural gas (LNG) projects (Woodside’s Pluto LNG, Chevron’s Gorgon LNG, QGC’s Queensland Curtis LNG and INPEX’s Ichthys LNG) to MidOcean Energy, a subsidiary of institutional investor EIG. The proceeds of the sale are to be redirected to renewable energy and hydrogen production.