CALGARY, ALTA. — A new agreement with Japan aims to expand market access for Alberta energy products.
The province recently announced it has signed a memorandum of understanding with the Japan Oil, Gas and Metals National Corporation (JOGMEC) which renews a commitment to natural resource co-operation and development, including improving co-operation on environmental technologies like hydrogen, ammonia and carbon capture utilization and storage.
“This agreement demonstrates Alberta’s role as a global supplier of clean, responsibly produced energy,” said Premier Jason Kenney in a press release. “Alberta’s abundant resources and long history of technology, innovation and responsible development help us solidify our position as an important trading partner, helping drive economic growth right here at home.”
The agreement will also focus on increasing Alberta’s investment attraction activities with Japan, strengthening efforts to get Alberta energy products to tidewater.
JOGMEC is a state-owned enterprise under Japan’s Ministry of Economy, Trade and Industry, which is mandated to secure a stable supply of energy and resources for Japan.