Japan Plans More Overseas Oil Pipelines

Japan plans to expand its financial support for local companies investing in overseas oil pipeline projects, including in the Middle East, with the aim of developing alternative routes for transporting oil and gas and bypassing the Strait of Hormuz, which threatens its supply security. The government seeks to encourage companies to participate by providing seed capital funding, and may enhance the role of the Japan Organization for Mineral and Energy Security to offer independent financing for these projects. Japan heavily relies on oil imports from the Middle East, with over 90% of its imports passing through the Strait of Hormuz in 2025. It is working on diversifying its sources to mitigate potential shipping disruptions in the strait.

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