- Oct 9, 2019 9:00 am GMT
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Japan is investing $10 billion to develop Liquid Natural Gas infrastructure mainly in new and developing markets in the India sub continent and Southeast Asia, reflecting a shift in priorities, according to market research firm Wood Mackenzie. The money comes from public-sector financing from JBIC (the Japan Bank for International Cooperation), as well as from JOGMEC, the state-backed Japan Oil, Gas and Metals National Corp. Previously, the country emphasized removing destination clauses, joint procurement, diversification away from oil indexation, increased transparency and development of Asian LNG hubs. What do you think of the country’s plans?