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Japan's CCS Bill in Brief

The cabinet decision on the legislative bill concerning the Carbon Dioxide Capture and Storage Business Act (“CCS Bill”) has been made and will be submitted to the 213th Ordinary Diet Session, announced by the Ministry of Economy, Trade and Industry (“METI”) and the Ministry of Environment on February 13, 2024. If the CCS Bill passes the Diet, which will be held until May 2024, the new law will be enforced sequentially with the provisions on: (i) exploration (i.e. exploratory activities without excavation) of reservoirs within three months of promulgation (around August 2024); (ii) prospecting (i.e. exploratory excavation of) reservoirs within six months of promulgation (around November 2024); and (iii) storing carbon dioxide (“CO2”) in reservoirs and other provisions such as...To read the full article, please see the PDF file

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福嶋 美里

Misato mainly engages in cross-border M&A and general corporate overseas matters. She supports both Japan-based and overseas clients who invest in various types of Japanese companies from startups to long-established businesses. She has been seconded to two Japanese companies in the energy sector, one is a fuel-trading subsidiary of a Japanese energy company in Singapore and the other is a major energy company in Japan. During her secondment, she advised on energy-related areas including electricity/gas trading and fuel trading, was involved in domestic offshore wind-power projects, renewable energy projects, and other business development projects. She advises energy companies on various matters including acquisitions, day-to-day transactions in energy-related areas, and development of new business. She also has experience supporting establishment and management of compliance systems, including advising on compliance with the Antimonopoly Act in Japan and handling whistleblowing cases.

紺野 博靖

Hiroyasu Konno specializes in the energy and natural resources sector, mainly in the upstream and middle-stream sectors, such as projects and transactions regarding LNG, biomass fuels, coal, rare metals, copper ore, petroleum, and other minerals in the world, as well as the down-stream sectors such as transactions regarding electricity and gas in Japan. He has a breadth of knowledge about industrial practices and policy trends, through his experience working as a secondee, or temporary worker, at Nippon Oil (currently ENEOS), JOGMEC (Japan Oil, Gas and Metals National Corporation (currently Japan Organization for Metals and Energy Security)),and JERA, in addition to an energy and natural resources team in a foreign law firm, as well as experience from being a committee member of relevant governmental panels. He always endeavors to provide clients with legal services with additional value, including managerial perspectives. He handles all kinds of legal issues related to the energy and natural resources sector, by closely working together with N&A’s experts in each sector. He also actively works on legal issues with regard to “carbon”, such as CCS (Carbon Capture and Storage), transactions of carbon credits, and others.