Japanese Gas Company Prospects Opportunities

By Emmanuel KENDEMEH, Cameroon Tribune, 17-10-2013 

Officials of SOJITZ Corporation yesterday had discussions with Prime Minister Yang.

Officials of the Japanese SOJITZ Corporation specialized in the oil and gas sectors are currently prospecting investment opportunities in the two sectors as well as ways of promoting their country’s investments in Cameroon.

Prime Minister, Head of Government, Philemon Yang yesterday, October 17, 2013 had discussions with the company officials led by Daisaku Kiyohara, Managing Director of its affiliate in Nigeria called Sojitz Global Trading Nigeria Ltd. After the close to 30 minutes discussions, Daisaku Kiyohara told reporters that SOJITZ Corporation with headquarters in Tokyo, is one of the largest Trading Houses in Japan.

He said that in Africa, especially Nigeria, the company has invested mainly in the liquefied natural gas sector. It has established a Joint Venture with the Nigerian National Oil Company, that enables them to develop energy in Nigeria and market in Europe and Japan.

The Japanese gas and oil company, its senior official stated, is attracted by Cameroon’s huge energy, crude oil, gas and agriculture potentials. The country, Daisaku Kiyohara said is also peaceful, stable and the people being hospital and welcoming thereby favouring investments. As to the Prime Minister’s response to their request, he said, Mr Yang was supportive, understands the Japanese ways, as well as appreciates their work track record in Cameroon. The outcome of the prospection mission, he said, would determine how soon they will come for concrete investments.