Eneos buys 750,000 barrels of Canadian oil, marking Japan’s first import from Canada in nearly two years amid diversification efforts.
Japan’s largest refiner, Eneos, has secured a rare cargo of Canadian crude oil, its first purchase from the country since 2025. The shipment, loaded on a 750,000-barrel Aframax tanker, was sold by Exxon, according to ship-tracking data.
The move reflects Japan’s broader strategy to reduce reliance on Middle Eastern crude and diversify its energy imports. Canada’s Trans Mountain Expansion (TMX) pipeline has increased export capacity, making its oil more accessible to Asian markets.
The purchase underscores Canada’s growing role in Asia’s energy supply chain as refiners seek alternative sources amid shifting global trade dynamics.