Japanese PM Ishiba to Attend France G7 Summit, Propose 3 Energy Security Principles
Japanese Prime Minister Shigeru Ishiba will visit Europe from June 13 to 18 to attend the G7 summit in Evian, France. He is expected to propose three principles for energy security aimed at stabilizing the crude oil market and strengthening Asia's energy supply chain.
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- 📰 Published: June 12, 2026 at 15:21
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(Central News Agency, Tokyo, June 12, Combined Foreign Reports) Japanese Chief Cabinet Secretary Yoshimasa Hayashi announced at a press conference today that Prime Minister Shigeru Ishiba will visit Europe from the 13th to the 18th and attend the Group of Seven (G7) summit in Evian, France.
According to Japan's Asahi Shimbun and Yomiuri Shimbun, Ishiba is expected to visit the United Kingdom and Italy before the summit for bilateral leader talks.
In light of the de facto blockade of the Strait of Hormuz and the turmoil in the Middle East, this G7 summit will focus on collaboration to stabilize the crude oil market. Discussions will also cover measures to strengthen the supply chain for critical minerals.
Hayashi stated, "As the Asian representative most affected by the Middle East situation, Japan hopes to lead the G7 discussions."
The Yomiuri Shimbun, citing multiple Japanese government sources, reported that Ishiba is expected to advocate for "three principles related to energy security" at the G7 summit, which opens on the 15th. These include assisting Asian countries in strengthening their oil reserves.
This initiative aims to promote the concept of the "Partnership for Strengthening Energy Resource Supply Capacity in Asia (POWERR Asia)" led by Japan to the international community. The Japanese government is currently coordinating to include the advocated content in the summit's communiqué.
POWERR Asia is a financial support framework for energy procurement, totaling approximately $10 billion, announced by Ishiba in April.
The core of the proposed "three principles related to energy security" includes "ensuring free and transparent trade," "cooperating with the International Energy Agency (IEA) to support the strengthening of oil reserves," and "promoting collaboration between oil-producing and consuming countries."
Regarding oil reserves, Japan has already strengthened its assistance to Southeast Asian countries through the POWERR Asia framework. At this summit, the goal is to call on the international community to increase efforts, following the POWERR Asia model, to help importing countries establish robust oil reserve systems, targeting the IEA's requirement for member countries to maintain 90 days of oil stocks.
On the trade front, to stabilize the oil market, Japan hopes for unified action among countries on issues such as ensuring free and safe navigation in the Strait of Hormuz and opposing unjustified export restrictions. The Japanese government also plans to promote close cooperation between oil-producing countries in the Middle East and consuming countries to jointly develop alternative procurement routes, aiming to build a more resilient energy supply chain. (Editor: Li Jing / Proofreader: Yang Weijing) 1150612
According to Japan's Asahi Shimbun and Yomiuri Shimbun, Ishiba is expected to visit the United Kingdom and Italy before the summit for bilateral leader talks.
In light of the de facto blockade of the Strait of Hormuz and the turmoil in the Middle East, this G7 summit will focus on collaboration to stabilize the crude oil market. Discussions will also cover measures to strengthen the supply chain for critical minerals.
Hayashi stated, "As the Asian representative most affected by the Middle East situation, Japan hopes to lead the G7 discussions."
The Yomiuri Shimbun, citing multiple Japanese government sources, reported that Ishiba is expected to advocate for "three principles related to energy security" at the G7 summit, which opens on the 15th. These include assisting Asian countries in strengthening their oil reserves.
This initiative aims to promote the concept of the "Partnership for Strengthening Energy Resource Supply Capacity in Asia (POWERR Asia)" led by Japan to the international community. The Japanese government is currently coordinating to include the advocated content in the summit's communiqué.
POWERR Asia is a financial support framework for energy procurement, totaling approximately $10 billion, announced by Ishiba in April.
The core of the proposed "three principles related to energy security" includes "ensuring free and transparent trade," "cooperating with the International Energy Agency (IEA) to support the strengthening of oil reserves," and "promoting collaboration between oil-producing and consuming countries."
Regarding oil reserves, Japan has already strengthened its assistance to Southeast Asian countries through the POWERR Asia framework. At this summit, the goal is to call on the international community to increase efforts, following the POWERR Asia model, to help importing countries establish robust oil reserve systems, targeting the IEA's requirement for member countries to maintain 90 days of oil stocks.
On the trade front, to stabilize the oil market, Japan hopes for unified action among countries on issues such as ensuring free and safe navigation in the Strait of Hormuz and opposing unjustified export restrictions. The Japanese government also plans to promote close cooperation between oil-producing countries in the Middle East and consuming countries to jointly develop alternative procurement routes, aiming to build a more resilient energy supply chain. (Editor: Li Jing / Proofreader: Yang Weijing) 1150612
FAQ
What are the three principles for energy security?
Ensuring free and transparent trade, supporting oil reserve strengthening with the IEA, and promoting cooperation between producers and consumers.
What is the scale of POWERR Asia?
A financial support framework for energy procurement totaling approximately $10 billion.
Where is the G7 summit being held?
Evian, France.