Kyushu Electric Power Co., Inc., NYK Line, ITOCHU ENEX CO., LTD., and SAIBU GAS CO., LTD.(hereinafter “the parties”) have established a joint venture company, KEYS Bunkering West Japan Co., Ltd. (“KEYS”), in February this year and have performed considerations with the goal of beginning the operation of the liquefied natural gas (“LNG”) fuel supply business .
Kyushu Electric Power, NYK Line, ITOCHU ENEX, and SAIBU GAS have established a joint venture company, KEYS Bunkering West Japan, in February this year and have performed considerations with the goal of beginning the operation of the LNG fuel supply business for ships.
Offshore Wind: Introduction of a New Scheme for Interconnection
Under the Act on Promoting the Utilization of Sea Areas for the Development of Marine Renewable Energy Power Generation Facilities (Act No. 89 of 2018; the “
Offshore Renewable Energy Act”), enforced on April 1, 2019, offshore wind projects in general sea areas are to be conducted by operators selected through a public bidding process for Promotion Zones that are designated by the government (Minister of Economy, Trade and Industry and Minister of Land, Infrastructure, Transport and Tourism (the “
Ministers”)). The government has already designated several Promotion Zones; ten other zones have been identified as “having progressed to a certain stage of preparation” for potential designation, with four of these having been further recognized as “promising zones”(“