Japan to boost investment role in upstream LNG projects

TOKYO : Japan plans to step up its investment role in upstream projects for liquefied natural gas , to spur new development and boost fuel offtake by its companies, the industry minister said on Friday.

"Russia's invasion of Ukraine has intensified competition for purchasing LNG, raising concerns about stable supply of the fuel for Japan," he told a news conference. The government aims to provide 'risk money' through the state-run Japan Oil, Gas and Metals National Corp for existing LNG projects that can boost output quickly via expansion, he said, but gave no details.

The Ukraine crisis, triggered by what Moscow has called a"special military operation", spotlighted Japan's role in the Sakhalin-1 and Sakhalin-2 energy projects in Russia, as Western oil majors have decided to pull out of the country.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan finance minister to attend G-20 meet, avoids comment on Russia
Source: STForeignDesk - 🏆 4. / 71 Read more »

Japan to attend G20 meet, no comment on Russia's participation -finance ministerTOKYO :Japan is preparing to attend a gathering of financial leaders from the Group of 20 economic powers next week, its finance minister said on Friday, as Western nations sought the expulsion of Russia from the forum and said they would skip sessions where Moscow is represented.Shunichi Suzuki said Japan 'i
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan, US to hold finance ministers' meeting next week - KyodoTOKYO : Japan and the United States are likely to hold a bilateral finance ministers' meeting next week on the sidelines of the Group of 20 gathering to be held in Washington, Kyodo news agency reported on Friday.Both governments are currently negotiating the exact date for the meeting, which will likely
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »