Asian LNG market to get $10 bln push from Japan

Asian LNG market to get $10 bln push from Japan

Asian LNG market is set to receive a $10 billion public-private push from Japan, the world’s largest importer of liquefied natural gas. 

Japanese minister of economy, trade and industry, Hiroshige Seko was reported by Platts as saying the Japanese initiative will financially support projects boosting supplies to Asia or creating additional LNG demand in the region in order to absorb the global rise in supply.

Japanese ministry of economy, trade and industry (METI) will be at the forefront of the initiative providing training to both consumer and producer personnel over the coming five years.

Speaking at an LNG conference in Tokyo, Seko urged the Asian countries to increase the use of natural gas as a fuel source.

In addition to creating demand, METI is looking to push for greater LNG market liquidity as well as the abolition of destination clauses that have been ruled as anti-competitive by the Japanese Fair Trade Commision.

Japan signed a deal with India on Wednesday, setting the stage for collaboration on creating a liquid, flexible and global LNG market, as well as the abolition of destination clauses.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Oct 2018 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

LNG Supply, Transport & Storage South Asia Forum 2018

LNG Supply, Transport & Storage South Asia Forum 2018 will address and propagate LNG imports…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >

LNG Philippines Forum 2018

LNG’s role in the Philippines’ energy mix will only get bigger…

read more >

5th Mozambique Gas Summit & Exhibition

Following the Summit’s success in 2017, the CWC Group in partnership with ENH and with the support and participation from MIREME and INP, are delighted to invite you to the 5th edition of the Mozambique Gas Summit & Exhibition taking place at a larger venue this year, the NEW Joaquim Chissano Conference Centre in Maputo on 31 October – 2 November 2018.

Recognised as the leading strategic meeting for Mozambique’s gas industry, the event addresses the entire gas and LNG value chain bringing together Government officials with industry stakeholders for 3 highly interactive days of networking and frank discussions aiming to establish Mozambique as the next international gas hub.

More info

read more >