ARCHIVED - STATEMENT ON OIL AND GAS COOPERATION between The Ministry of Economy, Trade and Industry, Japan and The Department of Natural Resources, Canada

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Vancouver, 11 October 2013

In the framework of the long-standing relationship between Japan and Canada, the two countries confirm their common interests in facilitating trade and investment ties in the oil and gas sector, and strengthening energy security.

Canada is a global leader with respect to responsible resource development and has the potential to become an exporter of LNG and oil to new markets such as Japan. Japan is a major importer of LNG and oil and strives to secure stable and competitive energy supply through diversifying supply sources. Both countries are seeking to advance the sustainable growth of the oil and gas sector through diversifying demand and supply.

In line with the statements made by Prime Minister Shinzo Abe of Japan and The Right Honourable Stephen Harper, Prime Minister of Canada, at the Japan-Canada Summit in Ottawa on September 24, 2013, METI and NRCan intend to strengthen their cooperation on oil and gas on a bilateral basis. Furthermore, they will encourage enhanced commercial cooperation between interested companies in the oil and gas sector.

Based on this, METI and NRCan will hold a policy dialogue to: encourage technical and commercial discussions on trade and investment opportunities in oil and LNG and on the development of related infrastructure such as ports, pipelines, re-gasification plants, and liquefaction terminals; and, exchange information on energy policies, potential of energy supply, market outlooks, interprovincial pipeline issues, marine safety, environmental regulation and other topics of mutual interest.

METI and NRCan will establish a bilateral high-level meeting to facilitate cooperation activities outlined in this statement. In principle, the meetings will be held annually, with venues alternating between Japan and Canada and may include the private sector, other levels of government such as provinces and/or territories and other related organizations and institutions where appropriate.  METI and NRCan may also seek to meet bilaterally to discuss energy cooperation by taking advantage of opportunities when both are present at major energy events, such as those hosted by international organizations of which both countries are members, and fora.

Signed in Vancouver on this 11th day of October, 2013.