5/21/2024–|Last updated: 5/21/202406:21 PM (Mecca time)
The Japanese Foreign Ministry said that Saudi Crown Prince Mohammed bin Salman Al Saud promised stable oil supplies to Japan during a video conference with Prime Minister Fumio Kishida on Tuesday.
She added – in a statement – that Prince Mohammed told Kishida: “Saudi Arabia remains committed to stable supplies of crude oil to Japan, and the Kingdom wants to cooperate with Japan in other fields, including clean energy.”
Yesterday, Monday, the Saudi Crown Prince suddenly postponed a visit to Japan that was scheduled from May 20 to 23.
Crown Prince Naruhito of Japan and Prime Minister Kishida were scheduled to meet.
Oil market stability
The statement said that Kishida told Prince Mohammed that he expected the Kingdom to continue to play a leading role in achieving stability in the global oil market, including by increasing production.
Kishida also said he would like to work with the Kingdom to create a global supply chain for clean energy, such as hydrogen and ammonia.
Earlier today, Japan and Saudi Arabia held a bilateral business forum in Tokyo to discuss enhancing cooperation in the energy sector and other sectors, despite the absence of Prince Mohammed.
During the Saudi-Japanese Vision 2030 Business Forum, Japanese Minister of Industry Ken Saito met with Saudi officials, including Energy Minister Prince Abdulaziz bin Salman and Investment Minister Khalid Al-Falih, as well as representatives of Saudi companies.
Saito said during the forum, “Saudi Arabia is the largest supplier of crude oil to Japan, and one of the most important partners with regard to energy security.”
30 notes
As part of an effort to deepen their relations, the two sides signed today more than 30 memorandums of understanding in the fields of energy, manufacturing and financial activities.
The Saudi Energy Procurement Company stated that it had signed with a consortium – led by the Japanese Marubeni Company – two agreements to purchase energy from the Al-Ghat wind energy project, which has a capacity of 600 megawatts, and the “Waad Al-Shamal” wind energy project, which has a capacity of 500 megawatts.
