Kazakhstan And Japan Discuss Oil Supplies Amid Hormuz Crisis

KazMunayGas has discussed possible Kazakh oil supplies to Japan as Astana looks for new export routes, Orda.kz reports.

KMG head Askhat Hasenov met in Astana with a Japanese delegation led by Parliamentary Vice-Minister for Foreign Affairs Arfiya Eri.

The parties discussed cooperation in geological exploration. They also raised the possibility of supplying Kazakh oil to Japan. KMG has not yet reported any contracts, volumes, or specific export routes.

Japan’s interest in alternative oil sources has grown amid the crisis in the Strait of Hormuz. A significant share of Middle Eastern oil and LNG usually passes through this route, while Japan remains heavily dependent on supplies from the region. Reuters previously reported that Japan receives about 95% of its imported oil from the Middle East.

KMG and the Japanese side also discussed reducing methane emissions. The company is interested in projects under the Joint Crediting Mechanism between Kazakhstan and Japan, which allows climate projects to be implemented using Japanese technologies while accounting for emission reductions.

Original author: Alexander Zhdanov

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