JAPEX targets near fourfold increase in U.S. oil and gas output by 2035

Japan Petroleum Exploration (JAPEX) plans to nearly quadruple its U.S. oil and gas output by 2035, Nikkei Asia reports. The push underscores Japan’s effort to shore up energy security and diversify supply amid volatile commodity markets. It also signals sustained overseas appetite for U.S. hydrocarbons even as net-zero commitments reshape investment decisions.

Nikkei Asia said JAPEX did not disclose baseline production, investment size, or target plays, indicating details will follow as the company refines its roadmap. The expansion is expected to come through greater stakes in upstream projects and potential partnerships across key U.S. producing regions, but specific assets were not named, according to the outlet. Watch for formal guidance on capital spending, acquisition targets, and timeline milestones from JAPEX, along with any U.S. regulatory filings that hint at the first moves. [Developing. This article will be updated.]