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Reuters

Reuters

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Business & Economics

In a major shift, Japex to prioritise oil and gas investment through 2030

Reuters
Summary
Nutrition label

78% Informative

Japan Petroleum Exploration (Japex ) prioritising investment in oil and gas exploration and production through 2030 .

Earlier plan to aggressively expand its renewables businesses revises.

President Michiro Yamashita said securing a fair return from renewable energy sources such as offshore wind is challenging due to rising costs.

Current ratio of E&P contributing 70%-80% of earnings will likely remain unchanged through 2030 , he said.

VR Score

87

Informative language

92

Neutral language

63

Article tone

formal

Language

English

Language complexity

63

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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