Japan’s cabinet approved three bills on Tuesday to strengthen energy supply security. Industry Minister Ryosei Akazawa said the plan helps oil importers pay for higher transport costs when bypassing the Strait of Hormuz. The government plans to submit these bills to parliament during the current extraordinary Diet session very soon.
TOKYO, Oct 13 (Reuters) - Japan's cabinet approved three bills on Tuesday to strengthen energy supply security, including measures to offset higher costs of importing crude oil through routes that bypass the Strait of Hormuz, Industry Minister Ryosei Akazawa said.
The government plans to submit the bills to parliament during the current extraordinary Diet session.
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Reporting by Yuka Obayashi; Editing by Sonali Paul
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Yuka Obayashi reports on Japan's energy, metals and other commodities.
