KONTAN.CO.ID - TOKYO. Japan plans to step up its investment role in upstream projects for liquefied natural gas (LNG), to spur new development and boost fuel offtake by its companies, the industry minister said on Friday. Investment in new LNG development worldwide has dropped significantly as a global trend toward decarbonisation grows, although demand, especially in Asia, had risen, even before the Ukraine crisis, Koichi Hagiuda said. "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.
Japan to Boost Investment Role in Upstream LNG Projects
KONTAN.CO.ID - TOKYO. Japan plans to step up its investment role in upstream projects for liquefied natural gas (LNG), to spur new development and boost fuel offtake by its companies, the industry minister said on Friday. Investment in new LNG development worldwide has dropped significantly as a global trend toward decarbonisation grows, although demand, especially in Asia, had risen, even before the Ukraine crisis, Koichi Hagiuda said. "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.