METI State Minister Takagi Visits the Italian Republic
On April 9 (Sun.) and 11 (Tue.), 2017, Mr. Yosuke Takagi, State Minister of Economy, Trade and Industry, visited the Italian Republic to attend the G7 Rome Energy Ministerial Meeting (EMM).
1. G7 Energy Ministerial Meeting
On April 9 (Sun.) and 11 (Tue.), 2017, State Minister Takagi attended the EMM and held discussions with participating ministers and officials focusing on the theme titled “Energy Security: from Rome 2014 to Rome 2017.” At the end of the meeting, Italy, the chair of the meeting, compiled the discussion results into the Chair’s Summary.
Key points of the summary are as follows:
- Concerning the enhancement of energy security, the ministers reaffirmed EMM agreements concluded between the Rome meeting in 2014 and the Kitakyushu meeting in 2016. Concerning the field of natural gas, in particular, they agreed on the promotion of gas security through the diversification of sources and supply transportation routes and reaffirmed the importance of greater flexibility in commercial clauses in LNG contracts, including relaxing destination clauses.
- The ministers agreed to continue the political efforts to address the expanded introduction of renewable energy resources and to ensure a resilient energy system. In addition, they reaffirmed the importance of achieving and maintaining the highest levels of nuclear safety and the significance of nuclear energy working as a base load energy source and carbon-free energy.
- Noting the close relationship between energy transition, economic growth, and employment, the ministers acknowledged that G7 member countries should play a leading role in facilitating investments in secure and sustainable energy. Moreover, they confirmed the importance of promoting research and development in clean energy technology areas, such as low-carbonization of transport.
Japan expressed its opinions mainly on the following issues:
- As the world’s largest importer of LNG, Japan took the lead in discussions aimed at the realization of LNG markets with high mobility. As an effort towards that goal, Japan stated that G7 member countries should advance cooperation by taking advantage of the LNG Producer-Consumer Conference, an annual discussion opportunity organized by Japan, and participants agreed with Japan’s opinion.
- To achieve the compatibility of economic growth and CO2 emissions reduction, Japan stressed the importance of investment in quality energy infrastructures and in upstream development to enhance energy security.
- Concerning the innovation of clean technologies, Japan reported on the progress made in Japan-lead joint research and development by research institutes in participating countries and stressed the importance of making international research sustainable among G7 member countries because of their high technical strengths.
2. Meetings with other G7 ministers and officials
Meeting with H.E. Mr. Carlo Calenda, Minister of Economic Development, Italy
Both sides confirmed bilateral collaboration as chairs of the G7 meetings in 2016 and 2017. In addition, they also exchanged views concerning cooperation in the fields of oil and natural gas, including efforts for cultivating new LNG demand.
Meeting with H.E. Mr. Rick Perry, Secretary of the Department of Energy, United States
The parties exchanged views concerning Japan-US energy cooperation in the fields of LNG, CCS (carbon dioxide capture and storage) and other areas.
Meeting with H.E. Mr. James Gordon Carr, Minister of Natural Resources, Canada
The parties held discussions concerning measures for enhancing the Japan-Canada relationship focusing on the field of LNG.
Meeting with H.E. Mr. Nick Hurd, Minister of State for Climate Change and Industry, the United Kingdom
The parties exchanged views concerning measures for enhancing cooperation in enhancing LNG mobility and in the field of innovation.
Meeting with H.E. Mr. Fatih Birol, Executive Director of the International Energy Agency (IEA)
The parties exchanged views concerning the IEA’s well-balanced analysis of energy and the enhancement of cooperation with IEA non-member countries.
Meeting with Minister Calenda, Italy
Meeting with Secretary Perry, U.S.
Meeting with Minister Carr, Canada
Meeting with Minister Hurd, U.K.
Meeting with Executive Director Birol, IEA IEA
April 12, 2017
Division in Charge
International Affairs Division, Commissioner’s Secretariat, Agency for Natural Resources and Energy