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Google Faces Antitrust Inquiry in Japan

Google Faces Antitrust Inquiry in Japan

October 23, 2023
Google Faces Antitrust Inquiry in Japan

Google

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Japan’s Fair Trade Commission has initiated an investigation into American tech and internet services giant Google, owned by Alphabet Inc., over suspicions of exploiting its dominant market position to hinder the emergence of competitive services.

The Japanese newspaper Nikkei reported that Japan’s competition watchdog has begun an inquiry focused on potential violations of fair competition rules.

According to a Japanese official quoted by the newspaper, the commission intends to gather information and perspectives from various parties as part of the investigation. The probe aims to determine whether Google inappropriately pressured smartphone manufacturers to prioritize Google’s search services on their devices.

Bloomberg reported that the Japanese investigation comes as U.S. antitrust authorities are also scrutinizing Google, which owns the world’s most prominent online search engine. U.S. authorities accuse Google of misusing its market dominance to stifle emerging search engines and larger competitors, such as Microsoft.

U.S. investigators have heard testimonies from top executives in the American technology industry, including Satya Nadella, the CEO of Microsoft, and Apple’s CEO and financial advisor, Eddie Cue. The investigations are not expected to conclude before the next year. Google’s CEO, Sundar Pichai, is expected to provide his testimony in the coming weeks.

These investigations signal growing global scrutiny of major tech companies over concerns related to antitrust violations, monopolistic practices, and unfair competition in the tech industry. The outcomes of these investigations could potentially lead to significant regulatory actions in both Japan and the United States.

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Qatar Energy has signed a 27-year agreement with Italy's Eni to supply liquefied natural gas (LNG) to Italy, marking the third such deal with a European nation this month. In a statement, the state-owned company announced, "Two subsidiaries of Qatar Energy and Eni have signed a long-term sale and purchase agreement to supply up to one million tons of LNG from Qatar to Italy, starting in 2026 and spanning 27 years." The company had previously signed similar agreements with Total Energies of France and Shell of the Netherlands. Following the Ukraine crisis last year, European countries have sought to diversify their sources of natural gas, reducing their reliance on Russian supplies. Commenting on the new agreement, Qatar's Minister of State for Energy Affairs, Saad bin Sherida Al-Kaabi, stated, "Today, we take a new step in reinforcing our relationship with Eni, which will enhance our cooperation for many years to come." He added, "We will continue to work together to reaffirm our commitment to the European markets in general, and the Italian market in particular." This agreement with Eni follows a series of long-term agreements with European companies for the supply of LNG from Qatar. Qatar Energy stated that the LNG will be delivered to FSRU (Floating Storage and Regasification Unit) Italy, located at the Italian port of Piombino. Regasification stations are facilities that convert LNG back into natural gas suitable for direct consumption. Last week, Qatar announced a 27-year deal with British company Shell, and earlier, a similar agreement with French energy giant Total Energies. As part of the expansion of Qatar's North Field, the world's largest natural gas field, Qatar is expected to increase its production of LNG by sixty percent or more, reaching 126 million tons annually by 2027. Traditionally, Qatar's primary gas market has been in Asia, with countries such as China, Japan, and South Korea. Qatar is one of the leading global producers of LNG, alongside the United States, Australia, and Russia. Qatar Energy estimates that the North Field holds ten percent of the world's known natural gas reserves. Eni holds a 3.125 percent stake in the North East expansion project, which, along with the North South expansion project, will increase Qatar's liquefaction capacity from 77 million tons annually to 126 million tons annually by 2027.

ENI & Qatar Secure 27-Year Gas Supply Agreement

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