Japex plans to quadruple oil and gas output by 2035
Japex will invest 1.16 trillion yen to quadruple energy output by 2035. The plan focuses on US assets and carbon capture to ensure stable energy supplies.
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Japan Petroleum Exploration (Japex) has announced a strategic plan to quadruple its oil and gas production over the next decade, committing 1.16 trillion yen ($7.3 billion) to exploration and production efforts. The company intends to focus heavily on the United States, following its recent $1.3 billion acquisition of Verdad Resources Intermediate Holdings, which stands as its largest transaction to date.
