Resource-poor Japan courts Australia 50 years on

| When 300 Japanese business titans and the country’s trade minister descend on Melbourne this weekend, it will be a reminder that not a lot has changed in half a century.

At the time, Australia was regarded as the most important new source of natural gas for Japan after the Soviet Union.on Friday with a similar message. Major Japanese importer JERA and trading house Mitsui reached agreements with Oman late last year for purchase contracts running up to 10 years,reported. Energy giant Inpex, the most outspoken critic of Labor’s gas policies, also buys LNG from the United States.

While there have been whispers in Tokyo that Japanese capital destined for Australian renewables and critical minerals could go elsewhere if Labor does not play ball on gas, that is unlikely.Japan relies on Australian LNG too heavily. There is also record interest from Japanese investors in Australian critical minerals as evidenced by the influx of investment into lithium recently. That will not change.

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Source: FinancialReview - 🏆 2. / 90 Read more »