Prime Minister Shinzo Abe and Canadian Prime Minister Stephen Harper are expected to agree to increase cooperation toward starting Canadian shale gas exports to Japan from around 2020, Japanese officials said Sunday.
Canada’s envisaged shale gas exports are likely to total 40 million tons a year. Shale gas will be shipped after being processed into liquefied natural gas, according to the officials.
Abe and Harper plan to reach the agreement in a meeting on Tuesday in Ottawa during the Japanese leader’s five-day visit to Canada and the United States from Monday.
Canada will be the second country to export shale gas to Japan. The United States plans to start shipping 6.7 million tons a year of shale gas to Japan from around 2017.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.