bp joins Japan’s retail electricity market

The business will operate under the name bp energy Japan.

bp is now a registered electricity retailer in Japan, operating as bp energy Japan (BJEP), following the approval of the Ministry of Economy, Trade and Industry.

In a statement, bp said the decision is part of its plan to ramp up investments in its five transition growth engines including renewables and power.

BJEP forms part of bp’s trading and shipping business that offers a platform that the company can use to meet its customers’ energy needs whilst shifting to cleaner energy.

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“Tapping into our global expertise, we look forward to delivering solutions to our Japanese customers in the power sector,” said Luke Peacocke, vice president of power trading in Asia-Pacific. 

“This expansion into power bolsters bp’s long history in Japan as a trusted supplier of liquified natural gas, oil, refined products and lubricants for more than 60 years,” he added.