China plans to invest $10 billion in LNG

Japan’s public and private sectors are planning to invest about $10 billion to encourage wider use of liquefied natural gas (LNG) worldwide.


Japanese Industry Minister Aisho Sugawara is due to announce the plan at a conference of LNG producers and consumers in Tokyo this week.


The $10 billion will come from public and private sector funding and investment from entities such as the Japan Bank for International Cooperation (JBIC) and Japan’s state-backed National Oil, Gas and Minerals Corporation, as well as private trading companies and financial institutions, according to Nikkei.


According to Nikkei, the $10 billion investment is to be used to finance projects such as treatment plants, receiving ports and power plants.