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Japan Oil, Gas and Metals National Corporation

Coordinates: 35°40′03″N 139°44′42″E / 35.667585°N 139.745064°E / 35.667585; 139.745064
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35°40′03″N 139°44′42″E / 35.667585°N 139.745064°E / 35.667585; 139.745064

Japan Oil, Gas and Metals National Corporation
File:JOGMEC logo.jpg
Logo of the Japan Oil, Gas and Metals National Corporation.
Agency overview
FormedFebruary 29, 2004
JurisdictionJapan
HeadquartersTokyo, Japan
Employees475 (as of April 1, 2012)
Annual budget1,564 Billion Yen (2010 Fiscal Year)
Agency executive
Parent agencyIndependent administrative institution
Website[1]

Japan Oil, Gas and Metals National Corporation (石油天然ガス・金属鉱物資源機構), also known as JOGMEC, is a Japanese government Independent Administrative Institution which was created in 2004 when the former Japan National Oil Corporation merged with the former Metal Mining Agency of Japan.[1]

History

JOGMEC integrates corollary functions in one administrative entity. The former Japan National Oil Corporation (JNOC) had been tasked with securing a stable supply of oil and natural gas for Japan's use. The former Metal Mining Agency of Japan (MMAJ) had been tasked with ensuring a stable supply of nonferrous metal and mineral resources for Japan's use. Greater efficiencies were realized by combining two bureaucracies with similar missions[citation needed]. JOGMEC was established in 2004 pursuant to the 2002 Law Concerning the Japan Oil, Gas and Metals National Corporation.[2][3]

In March 2013, JOGMEC becomes the first to successfully extract methane hydrate from seabed deposits.[4][5]

Public listing

JOGMEC was publicly listed in December 2003. At that time the indebted Japan National Oil Corporation (JNOC), now part of the Japan Oil, Gas and Metals National Corporation. It was the first of JNOC's subsidiaries to go public.[6]

Activities

JOGMEC's Geological Remote Satellite Sensing Centre in Lobatse, Botswana was created in partnership with the southern African nation's Department of Geological Survey in July 2008. The Japan-Botswana partnership will work together in developing the exploration of minerals through methods such as remote sensing.[7]

JOGMEC manages rare metal stockpiles in conjunction with private companies.[8]

See also

Notes

  1. ^ Japan Oil, Gas and Metals National Corporation (JOGMEC): About us, overview.
  2. ^ JOGMEC: About us, history.
  3. ^ http://www.jogmec.go.jp/english/aboutus/docs/jogmec_law_2005.pdf
  4. ^ http://www.reuters.com/article/2013/03/12/us-methane-hydrates-japan-idUSBRE92B07620130312
  5. ^ http://www.nytimes.com/2013/03/13/business/global/japan-says-it-is-first-to-tap-methane-hydrate-deposit.html
  6. ^ The Japan Times Inpex fetches 549,000 yen in debut on first section November 18 2004 Retrieved on August 14, 2012
  7. ^ Botswana Press Agency (BOPA): "Geological satellite centre welcome." March 24, 2009.
  8. ^ National Research Council (US). (2008). Minerals, Critical Minerals, and the U.S. Economy, p. 186.

References

  • National Research Council (US). (2008). Minerals, Critical Minerals, and the U.S. Economy. Washington, D.C.: National Academies Press. ISBN 978-0-309-11282-6; OCLC 180691105
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