A temporary end of government subsidies for electricity and gas have pushed inflation higher. (Photo by Konosuke Urata) 
Inflation

Japan's inflation accelerates for third consecutive month in July

Core CPI gains 2.7% on temporary end of electricity and gas subsidies

23 August 2024
Oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia, in June 2023. Figures from the Middle East suggest Shanghai Petrochem now sources 10% of its crude from Russia.
Commodities

Shanghai Petrochem reveals more Russia oil buying as Li Qiang visits

Executive stresses 'price' is key; Chinese premier cements economic ties with Putin

22 August 2024
A Russian-owned oil tanker. An Indian refiner says the country's "requirement for Russian oil is going to go up as long as there are no further tightening of sanctions."
Trade

India surpasses China to become Russia's top oil buyer in July

Russian crude makes up a record 44% of India's overall imports

22 August 2024
Part of a treated water dilution and discharge facility at the Fukushima Daiichi nuclear complex is pictured during a tour for foreign media in August 2023. Eugene Hoshiko/Pool via REUTERS
Environment

Operator halts attempt to extract melted fuel from Fukushima nuclear plant

Would have marked first such attempt since devastating 2011 quake and tsunami

22 August 2024
Tamra wind farm, the first offshore wind development in South Korea, located off Jeju Island, consists of 10 wind turbines and has already generated substantial economic benefits by creating jobs during the construction and operational phases.
Opinion

Asia needs low-cost financing to harness offshore wind

Strategic investment, partnerships are key to region's renewable energy ambitions

22 August 2024
The Fuqing Nuclear Power Plant in China's Fujian province. China has built 39 reactors over the past decade. (Fuqing Nuclear Power Plant)
Energy

China and Russia drive global nuclear power capacity to record high

With as many reactors as France, China is building more while pursuing new tech

22 August 2024
Officials from the Asia Zero Emission Community. The ministers mapped out how member countries will collaborate on decarbonization efforts, in Jakarta on Aug. 21. (Photo by Nana Shibata)
Climate Change

Japan, Indonesia, others agree to build sustainable fuel supply chain

Coconut oil-based aviation fuel among 400 projects pitched in Jakarta meeting

21 August 2024
Construction of hydrogen production facilities is underway in Utah. (Mitsubishi Heavy Industries)
Energy

Mitsubishi Heavy, Chevron eye U.S. green hydrogen launch in 2025

Utah project to produce, store and generate power from fuel made with renewables

21 August 2024
Toyota Tsusho is planning to supply biofuels and green hydrogen to Patimban Port in Indonesia. (Photo obtained by Nikkei)
Energy

Japan's Toyota Tsusho to develop and supply biofuels in Indonesia

Trader will work with state-run Pertamina to support decarbonization efforts

21 August 2024
Kenneth Pereira, the founder and managing director of Malaysia's Hibiscus Petroleum, poses for a photo during an interview with Nikkei Asia in Kuala Lumpur. (Photo by Hakimie Amrie)
Energy

Malaysia's Hibiscus keen on acquisitions as Big Oil divests in Asia

Founder says company aims to be 'regional consolidator' of established assets

18 August 2024
Solar panels at a nearby industrial park also run by Sumitomo Corp. will help power the smart city. (Sumitomo Corp.)
Energy

Japan's Sumitomo to supply power for its Vietnam smart city

Solar and biomass plants at trading house's nearby industrial park to be tapped

17 August 2024
Demand for LNG is growing in Asia as countries work to curb greenhouse gas emissions while keeping up with surging energy demand. (Photo by Konosuke Urata)
Energy

LNG shipments shift to India, Southeast Asia as European demand sags

Extreme heat, lower prices and decarbonization push drive regional uptick

17 August 2024
The Asia Zero Emission Community will promote the switch to hydrogen fuel to cut carbon emissions. (Photo by Shinya Sawai)
Climate Change

Japan to coordinate decarbonization plans with ASEAN, Australia

Emissions-intensive power, transport, industrial sectors targeted in policy road map

17 August 2024
The Cheung Kong Center II, developed by CK Asset Holdings, in Hong Kong. The conglomerate founded by tycoon Li Ka-shing has been snapping up assets in the U.K. this year.
Companies

Li Ka-shing's CK Group empire accelerates pivot to Europe

London listing, new acquisitions dilute exposure to Hong Kong and mainland China

15 August 2024
Flags of ASEAN member nations are seen. Japan aims to counter Chinese influence in the region.
Supply Chain

Isuzu, Sojitz to join Japan's ASEAN chip, EV supply chain push

15 companies to receive subsidies to build operations in Philippines, Vietnam, Thailand

15 August 2024
U.S. President Joe Biden, third from left, visits the site of a planned Taiwan Semiconductor Manufacturing Co. plant in Arizona in 2022.
Semiconductors

U.S. chip, EV industries struggle to take off despite huge subsidies

2 years after CHIPS Act and IRA, investments lag and supply chains remain China-reliant

15 August 2024
Seven & i plans to achieve net-zero carbon dioxide emissions in Japan by fiscal 2050. (Photo by Kosuke Imamura) 
Energy

Japan 7-Eleven parent to source renewable power for group stores

Seven & i wants green energy for 40% of electricity at domestic locations in fiscal 2030

14 August 2024
Though the majority of Asian countries did not join in the West's sanctions against Russian oil, they are expected to abide by them.
Opinion

'Dark fleet' of oil tankers risk more maritime disasters in Asia

The West needs to bring Russian oil shipping out of the shadows

12 August 2024
Solar panels are seen at a solar power facility in Texas, U.S.
Energy

Japan's Itochu to boost capacity of U.S. solar power business by 150%

Buffett-backed trading house to increase spending on the business by $8bn

11 August 2024
An AG&P tanker truck hauls LNG. The company's service area covers 10% of India. (Photo obtained by Nikkei)
Energy

Osaka Gas lends hand in developing India's gas lines

Japanese utility partners with local operator to modernize infrastructure

8 August 2024
Traffic in Kuala Lumpur. Subsidies made up 25% of Malaysia's 2023 budget, with about three-quarters devoted to fuel subsidies. (Photo by Hiroki Endo)
Politics

Malaysia to reduce fuel subsidies as inflation weakens

Government turns to tackling deficit after pandemic spending

7 August 2024
Eurus Energy Holdings, wholly owned by Toyota Tsusho, plans to develop and operate a wind farm in Uzbekistan, much like this one in Hokkaido, Japan. (Eurus Energy)
Energy

Uzbekistan wind farms planned by Japan's Toyota Tsusho, Sojitz

Russia and China vie for Central Asia power projects, stoking competition

4 August 2024
Stream article image
Climate Change

Sumitomo, JGC to harness Japan production tech for floating wind turbines

More than 20 companies to join consortium to manufacture platforms

30 July 2024
The new venture will solidify state energy company Petronas's standing in the biofuels value chain beyond trading and offer sustainable solutions to reduce carbon emissions.
Energy

Petronas, Enilive and Euglena to jointly develop biorefinery in Malaysia

The plant at Pengerang Integrated Complex in Johor state is expected to be operational by 2028

26 July 2024