Japan's equity oil, gas lifting ratio rises to 42.1%, highest on record in FY 2024-25

Japan’s equity oil and gas lifting ratio extended its gain to 42.1% in the fiscal year 2024-25 (April-March), the Ministry of Economy, Trade and Industry said Feb. 17, marking the highest level on record, dating back to FY 2009-10. METI attributed the increase in the ratio to a reduction in Japan’s oil and natural gas import volume, as well as progress in oil and natural gas development projects,Japan’s equity oil and gas lifting ratio extended its gain to 42.1% in the fiscal year 2024-25 (April-March), the Ministry of Economy, Trade and Industry said Feb. 17, marking the highest level on record, dating back to FY 2009-10. METI attributed the increase in the ratio to a reduction in Japan’s oil and natural gas import volume, as well as progress in oil and natural gas development projects,Read More