G20 (Summit on Financial Markets and the World Economy)
G20 Foreign Ministers’ Meeting
Session 2: "Energy and Economic Growth"
October 30, 2026
On October 30, commencing at 2:05 p.m. local time (3:05 a.m. on October 31 JST) for approximately 1hour 30minutes, Mr. MOTEGI Toshimitsu, Minister for Foreign Affairs of Japan, attended Session 2 "Energy and Economic Growth " of the G20 Foreign Ministers’ Meeting, held in Atlanta, the United States of America.
- In this session, discussions were held on energy security, including addressing the current energy crisis against the backdrop of the situation in the Middle East, among other issues.
- The outline of Minister MOTEGI’s statement is as follows:
- The G20, which accounts for more than 80% of global GDP and energy consumption, shares a common responsibility and role to address the current energy crisis.
- The three keys to ensuring global energy security are: first, ensuring free and transparent energy trade; second, international coordination on strengthening oil stockpiles; and third, enhanced cooperation between energy producing and consuming countries.
- From this perspective, as an initiative aimed at enhancing the energy security and resilience of Asian countries that are heavily affected by the instability of energy supply, Japan launched “POWERR Asia” in April. Under “POWERR Asia,” Japan is advancing initiatives to ensure immediate energy supply, strengthen medium- to long-term regional stockpiling systems, and diversify energy sources. Furthermore, Japan is formulating a comprehensive cooperation plan with the Gulf countries to enhance their economic and energy resilience.
- Through these initiatives, Japan intends to play a proactive role as a nexus connecting the oil-producing countries in the Middle East with consuming countries in Asia. Specifically, Japan has already been promoting the expansion of stockpiles in Asia and providing financing and engineering cooperation for desalination plants and LNG liquefaction facilities in Middle Eastern countries. By deepening this cooperation, Japan will further contribute to global energy security.
- The G20 is the premier forum for international economic cooperation. Now, more than ever, it is important that all members work in close coordination to ensure a stable supply of energy, and Japan is determined to play its part in this crucial endeavor.