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Japan's Minister of Economy, Trade and Industry Ryomasa Akazawa said that the growing tension in the Middle East region is having an extremely serious impact on the Asian energy market. Akazawa Ryo told reporters in Tokyo that in view of the current situation in the Middle East, the Japanese cabinet has approved three laws to enhance the resilience of the country's energy supply and demand structure. Due to the attack on Saudi Arabia's Riyadh airport, Akazawa is attending the International Energy Forum Ministerial Meeting held in Riyadh online on Sunday. Akazawa Ryosei expressed his solidarity with Saudi Arabia and extended sincere condolences to all those affected. He said he will continue to pay close attention to developments in the situation, including its impact on Japan's crude oil procurement.
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Japan's Minister of Economy, Trade and Industry Ryomasa Akazawa said that the growing tension in the Middle East region is having an extremely serious impact on the Asian energy market. Akazawa Ryo told reporters in Tokyo that in view of the current situation in the Middle East, the Japanese cabinet has approved three laws to enhance the resilience of the country's energy supply and demand structure. Due to the attack on Saudi Arabia's Riyadh airport, Akazawa is attending the International Energy Forum Ministerial Meeting held in Riyadh online on Sunday. Akazawa Ryosei expressed his solidarity with Saudi Arabia and extended sincere condolences to all those affected. He said he will continue to pay close attention to developments in the situation, including its impact on Japan's crude oil procurement.
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