- Natural Resources & Energy
- Competition Law / International Trade
Development of CCS Regulations in Japan
– Necessary Steps to Enable CCS Projects Involving Cross-Border Transport of CO2
Japan recently accelerated the development of legislation and support programmes for carbon dioxide capture and storage (‘CCS’) projects. On 17 May 2024, the Act on Carbon Dioxide Storage Business (‘CCS Business Act’) was adopted; the act has been phasing into effect since the 5th of August. The CCS Business Act provides a necessary regulatory framework for CCS activities in Japan. Specifically, it establishes a licensing system for CO2 storage businesses, establishes the right to store CO2 in reservoirs, obligates storage operators to take necessary measures to ensure public safety, and allows storage operators to transfer monitoring and other management operations to the Japan Organization for Metals and Energy Security (‘JOGMEG’) after storage under certain conditions. On 28...To read the full article, please see the PDF fil
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Natural Resources / Energy & Competition Law / International Trade Newsletter
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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.