In Tokyo on February 6, Alberta, a significant gas producer in Canada, is strategically seeking new export markets, with a focus on expanding its presence in Japan, as highlighted by Rebecca Schulz, Minister of Environment and Protected Areas. Schulz emphasized the importance of diversification in the wake of market shifts observed in the United States, underscoring the existing strong relationship with Japan. During her stay in Tokyo, Schulz engaged with officials, business groups, and representatives from key entities like JERA and JOGMEC to strengthen ties.
Discussing the mutual emphasis on energy security between Japan and Canada, Schulz stressed the necessity of balancing energy supply and demand. Notwithstanding the declining LNG demand in Japan, the country's energy needs could rise should its shift to renewable energy progress slowly, as noted by a senior industry ministry official. Amid escalating competition for major LNG consumers, President Trump and Prime Minister Ishiba are expected to discuss the proposed Alaska LNG project during their meeting, indicating the high stakes involved in securing buyers in Asia.
Canadian exports to Japan from the LNG Canada project, in which Mitsubishi has a stake, are slated to commence later this year. Alberta's advantages over the U.S., Schulz explained, stem from shorter shipping time and lower geopolitical risks due to geographic proximity. Alberta is actively pursuing multiple projects to expand market capacity, with a keen focus on enhancing partnerships with Japan as a key government priority.