27SEP2019 - NEWS - Japan companies to invest $10 bil to expand Asian LNG market

Japanese companies will commit $10 billion to finance LNG projects in Asia to support the growth of the regional market, Minister of Economy, Trade and Industry Isshu Sugawara said Thursday.

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Register Now The investments will be made by both public- and private-sector companies and will span upstream, midstream and downstream LNG projects, the minister said at the LNG Producer-Consumer Conference 2019 in Tokyo.
The $10 billion worth of investment follows $10 billion previously committed by the Japanese government two years ago. It comes at a time when oil majors are shifting their business models to become natural gas companies, and Asia is driving much of the LNG demand growth.

Japan would continue to lead the further development of the LNG market and be the springboard for boosting regional energy security through financing and capacity building in the Asian LNG sector going forward, Sugawara said.