Energy

Japan and the EU are set to collaborate on developing a framework to promote the stable procurement of liquefied natural gas, in a bit to establish a more flexible market.

A consortium of international banks, led by the government-owned Japan Bank for International Cooperation, will jointly lend $1.31 billion for a thermal power station in Indonesia fueled by liquefied natural gas.

Japan's Toshiba and IHI are dissolving a joint venture that manufactures nuclear power plant equipment, scaling back operations in a field battered by global trends toward renewable energy.

Japan's government will offer domestic companies financial incentives to ship liquefied natural gas produced in the U.S. to other parts of Asia, a policy change that supports President Donald Trump's goal of selling more American energy overseas.

In an overhaul of a feed-in-tariff scheme introduced six years ago, the Japanese government will bring down prices promised to solar power producers in the past and ease the burden on the major power companies required to buy energy from them.

Tokyo Electric Power Co. Holdings, Nissan Motor and others are joining a Japanese effort that unites the batteries used in electric cars, homes and offices into storage networks in order to boost the use of renewable energy and keep local power grids stable.

With both Russia and China expanding their presence in the Arctic, Japan looks to ensure it also has a voice in the development of the resource-rich but environmentally sensitive region.

Though SoftBank Group insists that plans to build the world's largest solar farm in Saudi Arabia are moving forward, doubts remain about a project key to CEO Masayoshi Son's international energy business strategy.

Kansai Electric Power Co. and the Toyama Prefectural Government have agreed to open a route between Keyakidaira Station, the terminal station of the Kurobe Gorge Railway, and the famed Kurobe Dam to more of the public by at least fiscal 2024.

Inpex Corp. said Tuesday that the first shipment of liquefied natural gas produced as part of its project in northern Australia departed for Japan late Monday evening.