Japan keen to buy more Bruneian oil

National 1 minute, 59 seconds

BANDAR SERI BEGAWAN

JAPAN will consider buying more crude oil from the sultanate if it is able to supply more, said the Japanese ambassador to Brunei.

Japan is already importing crude oil from Brunei, and buying even more would contribute to the diversification of Japan’s supply sources, Noriko Iki told The Brunei Times recently in an email interview.

But the final decision will be made on a commercial basis and will be up to the private sector, she said.

“For Japan, Brunei is a country from which we have imported liquefied natural gas for more than 40 years, and thus we see that the trade in LNG still remains the foundation of the relationship between the two countries today,” she said.

She also noted that Japan has an interest in conducting joint research with Brunei in the energy sector and is considering the possibility of cooperation in the near future.

Speaking on renewable energy, the ambassador said the Tenaga Suria photovoltaic plant in Seria was granted from Mitsubishi Corporation to the Brunei government six years ago. The project was fully funded by Mitsubishi.

“Since then, we believe that the Brunei government has made the most use of the plant as a showcase of renewable energy. When the Brunei government proceeds to the next stage of the practical introduction of photovoltaic generation based on the results from the experimental use of the plant, Japan is willing to make a contribution utilising Japanese technology,” she said.

She said the introduction of alternative or renewable energy is not only environmentally friendly but also has the effect of enhancing the sustainability of natural gas.

“With its extensive alternative or renewable energy technology, it is highly possible that Japan could contribute to Brunei’s technological needs. But given the conditions in which Brunei is placed, including its climate, solar power seems one of the most promising solutions,” she said.

Asked whether Japan is looking to having exchanges between students to learn more about energy, she said Japan boasts the record of having invited approximately 1,000 Bruneians to the country through various exchange schemes, including the Japan-East Asia Network of Exchange for Students and Youths (JENESYS).

She said the Japanese government is planning to invite around 250 more Bruneians to Japan through the JENESYS 2016 programme.

“We will continue to make efforts in expanding people-to-people exchange, including in the energy sector,” said the ambassador.

The Brunei Times