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Russia is ready to develop cooperation with Japan in the field of renewable energy and intelligent energy systems - the Ministry of Energy
Russia is ready to develop cooperation with Japan in the field of renewable energy and smart grids. This was stated by Deputy Energy Minister Alexei Texler, speaking at the Russian-Japanese forum in Moscow.
According to the press service of the Ministry of Energy, in his speech at the panel discussion “Prospects for cooperation in the field of energy”, the Deputy Minister noted the positive dynamics of Russian-Japanese energy cooperation and the significant potential for its development. According to him, about 80% of Russian liquefied natural gas (LNG) is supplied to the Japanese market, and its share in Japan's total LNG imports is about 10%. There is also an increase in Russian oil supplies, which amounted to 11,4 million tons last year.
At the same time, energy cooperation between the two countries “is not limited to the seller-buyer relationship,” said Texler. “It can rather be compared to a two-way road. It covers areas such as investment, equipment supply and technology exchange. We are ready to develop cooperation in the field of research on the use of renewable energy sources, business alliances to promote smart energy systems, ”the Deputy Minister stressed.