- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
- Increasing electrical interconnection capacities to export electricity beyond borders
- Qatar Energy stops sending liquefied gas tankers through the Red Sea for security reasons
- The inauguration of the Duqm Refinery, the largest joint Gulf project in the refinery sector
- Saudi oil exports are faltering due to Houthi attacks on ships in the Red Sea and Gulf of Aden
- Algeria to host and chair the Gas Exporting Countries Forum summit (February 29 to March 2, 2024)
- Egypt Energy Conference and Exhibition 2024 gives a strong impetus to the global energy dialogue
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.
