Kishida's visit recalls Japan's need for energy resources

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Kishida's Visit Recalls Japan's Energy Needs

Japanese Prime Minister Fumio Kishida hopes that Canada can provide him with liquefied natural gas, a product that his country badly needs.

Japanese Prime Minister Fumio Kishida, will make its first official visit to Canadian soil next week.

Japan hopes that Canada will be able to supply it with liquefied natural gas, a product that it badly needs.

Mr. Kishida's visit is part of a tour that will also take him to Washington and London. Japan chairs the G7 in 2023; this country intends to encourage major investments in order to be able to cut ties with authoritarian regimes.

Tokyo also wants to increase the production of semiconductors and promote the recovery of rare metals in the electronic waste.

Mr. Kishida is due to arrive in Ottawa on Wednesday. He will leave the Canadian capital the next day.

He will be the first Asian head of government to come to Canada since the announcement of the federal government's Indo-Pacific policy, in last November. The Canadian government wishes to establish closer ties with this region of the globe in order to counterbalance the Chinese influence.

For its part, Japan wishes to get rid of its dependence on China and Russia for its imports of electricity and food. Mr. Kishida created a Ministry of Economic Security for this purpose; he also wants to restart the nuclear reactors closed since the Fukushima disaster in 2011.

Trevor Kennedy, vice-president of trade and international policy at the Business Council of Canada, says Mr. Kishida will ask his Canadian counterpart, Justin Trudeau, for a greater commitment to export liquefied natural gas and that he will express an interest in hydrogen.

“Japan is stuck in a situation where it has to import hydrogen. liquefied natural gas from Russia. He has no other solutions.

— Trevor Kennedy, Vice President, Trade and International Policy, Business Council of Canada

Japan and South Korea have invested in the construction of a first liquefied natural gas terminal in Kitimat, British Columbia, to begin operations in 2025.

Mr. Kennedy says these two countries and Canadian companies are closely monitoring whether the timeline will be met given the delays experienced by other major energy projects in Canada.

He adds that the Canadian energy industry as well as Tokyo and Seoul would like the federal government to boost liquefied natural gas production by expanding the terminal or building other facilities. Otherwise, Japan and South Korea will remain dependent on Russia and even China.

Last month, Foreign Affairs Minister Mélanie Joly indicated that Canada has the aim to be as close to South Korea and Japan as it is to Germany, France and the UK.

Mr. Kennedy believes the Canadian government should address this issue with a sense of urgency.

“We need to be more determined in this commitment. We have to adopt a new state of mind and understand that they are our neighbors.

— Trevor Kennedy, Vice President, Trade and International Policy, Business Council of Canada

Prime Ministers Trudeau and Kishida are expected to take stock of the action plan announced by the two countries in October. Ottawa and Tokyo thus wish to strengthen their cooperation in several areas, in particular the fight against illegal fishing and the sharing of military intelligence.

Mr. Kishida could also express his support for Canada's desire to join the Indo-Pacific Economic Framework for Prosperity, an organization that brings together the United States and 13 other states in the Indo-Pacific region, including Japan, the x27;India, South Korea and Australia. Ottawa maintains that all members want Canada's participation.

In the press release announcing Mr. Kishida's visit, Prime Minister Trudeau's Office recalled that Japan is the third [ …] national economy in the world, one of Canada's most important economic and trading partners and Canada's largest bilateral partner for foreign direct investment in Asia.

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