Policy & Regulation

Japan’s METI seeks budget boost to fund foreign asset purchases

Japan’s Ministry of Economy, Trade and Industry has requested an 11% increase in its 2018-2019 budget as it is seeking to acquire exploration and production assets overseas.
By Staff reporter 4 September 2017 0 27434

Japan’s Ministry of Economy, Trade and Industry (METI) has requested an 11% increase in its 2018-2019 budget as it is seeking to acquire exploration and production assets overseas, according to Platts.

The plan submitted to the Ministry of Finance asks for $552.8 million, an increase of 10.5% from the previous year.

METI is looking at assets in Iran and Russia as well as shale gas fields in the United States, according to an official quoted by Platts.