Revision of the JOGMEC Law

Source: International Energy Agency
Last updated: 16 September 2020
[i] The revised Act is to establish new JOGMEC functions in which, in case of emergencies, JOGMEC will, at the request of the METI Minister based on the provisions of the Electricity Business Act, procure LNG and other fuels for electricity generation.[ii] Aiming to secure diverse procurement sources of LNG and stable supply of metallic minerals, the revised Act is to enable JOGMEC to gain additional functions, e.g., equity capital in transhipment or storage terminals for natural gases and in projects for mining and refining metallic minerals.

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