Japan recently reached an agreement with Iran and Qatar that will allow a Japanese consortium a large share in the development of the 2 largest natural gas fields in the world. The partners in the planned undertaking include Inpex Corp., Japan National Oil Corp. and JGC Corp. The partnership is expected to become the main developer of Iran’s Pars South and Qatar’s North Field gas resources. Operating plans envision using gas from the 2 fields to produce liquid fuels for export to Japan. As a result, the project is expected to significantly alter the balance of energy use in petroleum-dependent Japan. In so doing, the partnership will be responsible for producing about 50% of the production coming from the Pars South field. As a result, output is anticipated to exceed 10 million cubic metres per day.The Japanese Energy Minister is soon likely to formalize the agreements with Iranian and Qatari officials.
PROJECT CONTACTS (JGC): Eiji Watanabe, Chairman, Yoshihiro Shigehisa, President, Yoshizo Fukuda, Executive Vice-President, Sadao Ohuchi, Sr. Managing Director, Kazuo Yamaga, Managing Director, + 81 3 3279-5441, fax +81 3 3273-8047; (JGC (USA) Inc.): +1 713 789-1441, fax. +1 713 975-7874; (JNOC): +81 3 3597-7522, fax +81 3 3591-0172
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