OEF Rapid Review
The Japanese government is to unveil a $10 billion public-private initiative to tap increasing demand for LNG infrastructure, such as offloading terminals and power plants, as the fuel is increasingly adopted throughout Asia. The effort is also designed to strengthen Japan-U.S. ties. An agreement to expand American shale gas exports to Asia is expected at the coming U.S. – Japan economic dialogue meeting in Washington, and the Japanese LNG infrastructure initiative is likely to be part of achieving that goal. Japan and India will move together to make LNG supply contracts more flexible.
LINK TO THE SOURCE ARTICLE:
Japan: $10 Billion Plan For Asian LNG, Good For U.S. Shale
