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Osamu Tsukimori

Asia's Iran oil imports plunge to five-year low in October

Nov 30 2018

TOKYO Imports of Iranian crude oil by major buyers in Asia hit a five-year low in October, as China, Japan and South Korea sharply cut purchases ahead of U.S. sanctions on Tehran that took effect in early November, government and ship-tracking data showed.

Asia's Iran oil imports plunge to 5-year low in Oct

Nov 30 2018

* Asia's Iran imports at 762,000 bpd in Oct -govt, shipping data * China, Japan imports sharply down ahead of U.S. sanctions * South Korea imports fall to zero for 2nd straight month By Osamu Tsukimori TOKYO, Nov 30 Imports of Iranian crude oil by major buyers in Asia hit a five-year low in October, as China, Japan and South Korea sharply cut purchases ahead of U.S. sanctions on Tehran that took effect in early November, government and ship-tracking data showed. China, India, Japan and South Korea last month imported about 762,000 barrels per day (bpd) from Iran, according to the data, down 56.4 percent from a year earlier. This marks the lowest volume of shipments since October 2013, when an earlier round of tough U.S. and E.U. sanctions had slashed exports from the OPEC member starting from early 2012. In reimposing sanctions on Nov. 5 on Iran's energy and shipping industries, however, Washington also granted exemptions to China, Japan, South Korea and five other countries, allowing them to continue buying some Iranian oil for at least another 180 days. India's imports of Iranian oil dropped the least, falling just 0.2 percent from the same month last year to 466,400 bpd. Most India refiners boosted purchases from Iran ahead of the U.S. sanctions as Iran was offering almost free shipping and extended credit periods, according to oil analysts. South Korean oil imports from Iran, though, fell to zero for a second straight month in October. Japan's oil imports from Iran plunged by 71 percent to a six-month low of 48,033 bpd last month, trade ministry data showed on Friday. Japan's imports for November are set to fall to zero for the first time since July 2012, when the nation's buyers reined in its appetite to keep from falling afoul of European Union sanctions targeting insurance. Japan has not imported any crude after the last cargo was shipped in early October, according to Refinitiv data. South Korea is likely to hold its oil imports from Iran at zero until the end of the year and resume shipments from January, industry sources said in mid-November. Japan's JXTG Nippon Oil & Energy is likely to load Iran crude around the end of December, two industry sources said. A company spokesman said, however, that the company is considering the purchase but nothing has been decided yet. China's imports of Iranian crude tumbled 64 percent in October to 247,200 bpd. The tables below outline Iran crude imports in bpd by Asia's biggest buyers for October and the year to date: Nation Oct-18 Oct-17 yr/yr pct China 247,160 685,150 -64.0 India 466,400 467,600 -0.2 Japan 48,033 165,535 -71.0 Korea - 426,710 -100.0 Total 761,593 1,744,995 -56.4 Nation Jan-Oct 2018 Jan-Oct 2017 yr/yr pct China 613,200 634,749 -3.4 India 579,600 486,400 19.2 Japan 152,982 165,405 -7.5 Korea 191,454 423,651 -54.8 Total 1,537,236 1,710,205 -10.1 (Reporting by Osamu Tsukimori; Editing by Tom Hogue)

Japan threatens to cut solar power subsidies, angering investors

Nov 21 2018

TOKYO The Japanese government is threatening to cut existing solar power project subsidies angering the power producers and investors that say the cuts will undermine their profitability and violate earlier agreements.

RPT-Japan, S.Korea plan to resume Iran oil imports from January -sources

Nov 19 2018

TOKYO/SEOUL, Nov 19 Refiners in Japan and South Korea are looking to resume Iranian oil imports from January after receiving waivers from U.S. sanctions on Tehran, sources familiar with the matter said.

Japan, South Korea plan to resume Iran oil imports from January: sources

Nov 19 2018

TOKYO/SEOUL Refiners in Japan and South Korea are looking to resume Iranian oil imports from January after receiving waivers from U.S. sanctions on Tehran, sources familiar with the matter said.

Fukushima tests to help assess cooling of damaged reactors: Tepco

Nov 09 2018

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Toshiba to pay ENN more than $800 million to exit U.S. LNG business

Nov 08 2018

TOKYO/SINGAPORE Japan's Toshiba Corp will exit its U.S. liquefied natural gas (LNG) business by paying China's ENN Ecological Holdings Co more than $800 million to take over the unit as part of a plan to shed money-losing assets.

Japan approves extension for reactor damaged in 2011 quake, tsunami

Nov 07 2018

TOKYO Japan's nuclear regulator has approved an operations extension for a 40-year-old reactor near Tokyo that was damaged in the same earthquake and tsunami that sparked the Fukushima disaster nearly eight years ago, a move likely to be controversial.

Japan approves extension for reactor similar to Fukushima units that melted down

Nov 06 2018

TOKYO, Nov 7 Japan's nuclear regulator approved an extension of operations for a 40-year-old reactor near Tokyo that has the same basic design as those that melted down in the Fukushima crisis nearly eight years ago, a move that is likely to be controversial.

Factbox: Outlook for Japan nuclear restarts

Nov 05 2018

TOKYO Detailed findings from a Reuters reactor-by-reactor analysis of Japan's nuclear sector show Japan may get as few as six more reactors operating in the next five years and will miss a government target to have 30 operating by 2030.

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