INTERVIEW: JBIC to Help Construct LNG Facilities in Asia

Politics

Tokyo, Oct. 30 (Jiji Press)--The Japan Bank for International Cooperation will promote construction of liquefied natural gas-linked facilities, such as thermal power plants, in Southeast Asian countries jointly with Japanese companies, JBIC Governor Tadashi Maeda said in an interview with Jiji Press.

Attracting attention as an energy source to replace coal, which emits much more heat-trapping gases, LNG sees its demand growing in Asia, Maeda pointed out.

Earlier this month, the JBIC and domestic commercial banks concluded a deal to extend concerted loans worth some 150 billion yen to a project to build a gas-fired thermal plant and an offshore floating LNG storage and regasification unit in Indonesia.

"I hope to implement (similar gas-to-power projects) in the Philippines, Thailand and Vietnam," Maeda said.

He also noted the Japanese government-affiliated international lending institution's effort to promote the use of LNG is expected to help improve Japan-U.S. ties.

[Copyright The Jiji Press, Ltd.]

Jiji Press