It’s winter, and the grass is struggling to take root on the roof of a cavernous new underground tank on the shores of Tokyo Bay. Workers completed the tank, with its thick insulating concrete walls and brilliant stainless steel inner liner, in October. Soon after, it accepted its first load of liquefied natural gas (LNG), chilled to -162 C.
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2013 was a year in which lots of imbalances built up but none blew up. The US and Japan continued to monetize their debt, in the process cheapening the dollar and sending the yen to five-year lows versus the euro.
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In the acclaimed Harry Potter series by J.K. Rowling, the villain Lord Voldemort is also known as He-Who-Must-Not-Be-Named, a reference to magical powers so great that most fear to utter his name. But in the latest round of name-calling between China and Japan, Voldemort has become the insult of choice.
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CALGARY – Enbridge Inc. (TSX:ENB) says it has an agreement to build a 50-kilometre pipeline to serve the Hangingstone oilsands project, jointly owned by Japan Canada Oil Sands Ltd. and China’s CNOOC Ltd.
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A four-person delegation from Towada City, Japan, Lethbridge’s twin city, is in town this week to explore the possibilities of exchanges in the future.
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PARIS – Canada is expected to lag several Group of Seven countries in the first quarter even as the global economy begins to rebound, the Organization for Economic Co-operation and Development said Thursday.
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The results from Japan’s general election Sunday may be a bellwether event for nuclear power. In a landslide win, Japan’s Liberal Democratic Party (LDP) claimed 294 out of the 480 seats in the lower house of the Diet Sunday, defeating anti-nuclear opponents with a platform focused on economic issues and foreign policy. The Energy Report reached out to leading North American analysts for their take on Japan’s changing of the guard and its effect on uranium stocks.
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CALGARY — A Japanese company that has been active in the oilsands since 1978, the year that the video game Space Invaders was invented in Japan, has approved construction of its first commercial project.
Calgary-headquartered Japan Canada Oil Sands Ltd. or Jacos confirmed Friday that its parent company, Japan Petroleum Exploration Co. Ltd. or Japex has made the final investment decision to proceed with its $1.4-billion, 20,000-barrel-per-day Hangingstone thermal oilsands project south of Fort McMurray in northern Alberta.
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Air Canada (AC.B-T 1.81 0.01 0.56%) unveiled a major expansion in its flights to Asia, a high-growth area for Canada’s biggest airline in recent years, as it seeks to boost revenue in an attempt to become profitable.
In what it described as its “most far-reaching international expansion of its schedule in its 75-year history,” Air Canada said on Thursday it would add flights from Canada to Asian cities including Beijing, Seoul and Narita, Japan. Subject to government approval, the airline will also start flying to Istanbul.
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It is an Asian economic powerhouse and its corporations, bolstered by a strong currency, are in the midst of an unprecedented $100-billion (U.S.) foreign acquisition spree.
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