Japex Prioritizes E&P, Renewables
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Japan Petroleum ExplorationReuters
•Business
Business & Economics
In a major shift, Japex to prioritise oil and gas investment through 2030

78% Informative
Japan Petroleum Exploration (Japex ) prioritising investment in oil and gas exploration and production through 2030 .
Earlier plan to aggressively expand its renewables businesses revises.
President Michiro Yamashita said securing a fair return from renewable energy sources such as offshore wind is challenging due to rising costs.
Current ratio of E&P contributing 70%-80% of earnings will likely remain unchanged through 2030 , he said.
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