Alberta, Japan in MoU to pursue energy opportunities
The government of Alberta said November 22 it had signed a memorandum of understanding (MoU) with the Japan Oil, Gas and Metals National Corporation (JOGMEC) to expand market access for the province’s energy sector.
The MoU renews an existing commitment to natural resource cooperation and development, and includes initiatives in the energy transition space, including hydrogen, ammonia and carbon capture, utilisation and storage (CCUS). And it will focus on increasing Japanese investments in Alberta, strengthening efforts to get the province’s energy products to tidewater.
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“This agreement demonstrates Alberta’s role as a global supplier of clean, responsibly produced energy,” Alberta premier Jason Kenney said. “Alberta’s abundant resources and long history of technology, innovation and responsible development help us solidify our position as an important trading partner, helping drive economic growth right here at home.”
JOGMEC is a state-owned enterprise under Japan’s ministry of economy, trade and industry, which is mandated to secure stable supplies of energy and other resources for Japan.
In 2020, bilateral trade between Alberta and Japan was about C$2.2bn, including exports to Japan of about C$2bn of energy, agriculture and forestry products.