Japan and Canada Aim for Deeper Energy Ties During Carney Visit

Canadian Prime Minister Mark Carney, and Japan's Prime Minister Sanae Takaichi in Tokyo, on March 6. Photographer: Takashi Aoyama/Getty Images/Bloomberg Photo by Takashi Aoyama /BloombergArticle content(Bloomberg) — Canadian Prime Minister Mark Carney pledged to expand energy trade and military cooperation with Japan as he met with Prime Minister Sanae Takaichi in Tokyo on Friday. Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe meeting comes at a volatile time for world energy markets as the war in Iran halts a significant supply of oil and gas exports from the region.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentCarney and Takaichi unveiled a series of agreements as part of their sitdown, including a goal for Canada to increase the flow of liquefied natural gas and liquefied petroleum gas to Japan. The two countries also plan to collaborate on more nuclear and clean energy projects.Article contentArticle content“Canada is in a position where we can double our LNG exports by the end of this decade, and double again by the end of the following decade,” said Carney, who is visiting Japan at the tail end of a lengthy trip that included stops in India and Australia. Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentTakaichi cited LNG Canada, a major export terminal on Canada’s west coast in which Japan’s Mitsubishi Corp. is a part-owner, as an example of energy ties between the two countries. The terminal began shipments last year and is considering a large expansion that would double its output.Article content“Canada’s wealth of resources and Japan’s technology complement each other and there are many ongoing projects that firms from both of our countries are pushing forward,” Takaichi said.Article contentCarney said his government will organize a large trade mission to Japan later in 2026, and said he plans to meet executives from some of Japan’s “most important companies” before he leaves on Saturday. Article contentThe defense agreements include promises of action against illegal fishing in the North Pacific, joint navy training exercises, and close cooperation on cybersecurity measures.Article contentArticle contentTakaichi said that Japan and Canada will build on the legal groundwork that has already been laid in information sharing, defense equipment, and technology transfer.Article content“We agreed to further strengthen our defense and security cooperation, including through expanding the scope of our joint military exercises,” Takaichi said. “This will contribute greatly towards the building of a resilient Indo-Pacific,” she added.Article contentTakaichi was visibly impressed when Carney tried a few sentences of awkward Japanese during his public remarks — a language the Canadian leader picked up decades ago when he lived in Tokyo as a banker with Goldman Sachs.Article contentWith diplomatic relations between Japan and Canada set to reach its centennial in 2028, Takaichi emphasized that relations between the two countries are closer than ever.Article content“As we look forward to the historical milestone, I look forward to joining forces with Mark in opening up this new chapter in Japan-Canada relations,” she said.Article contentTrending Posthaste: Canada loses to the U.S. again, but this time it's not in the hockey rink News These eight charts show 'rupture' with Canada under Trump's tariffs Economy Posthaste: Canadians are paying more than lip service to Buy Canada — and now the numbers prove it News Bank of Canada governor warns of growing risks to financial stability Economy Tax reform in Canada can’t come soon enough Taxes Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. 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