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ANGEA supports Japan’s public funding to expand LNG projects in the US

ANGEA supports Japan’s public funding to expand LNG projects in the US

The Asia Natural Gas and Energy Association (ANGEA) says it fully supports the Japanese government’s active consideration of the use of public finance to support the expansion of US LNG projects.

Japan’s Minister of Economy, Trade and Industry Koichi Hagiuda said that Japan intends to contribute to starting-up several US LNG expansion projects with public financial support and proceed to cooperate with the US to stabilise global LNG supply.

Natural gas plays an important role in providing affordable and reliable energy to global consumers and businesses and the statements from Minister

Koichi recognise that key role. Importantly, natural gas also can play a part in Asia Pacific countries’ transition to a decarbonised energy future.

These issues of energy supply security and affordability are not confined to Japan.

The Russian invasion of Ukraine has reinforced to governments across Asia that both fuel source and geographic diversity are critical to avoiding vulnerability to supply shocks. Achieving that diversity of fuel source will require a significant contribution from natural gas, in addition to other energy sources.

Energy security and reliability is the foundation of economic development and prosperity, and this fact is well accepted by governments throughout Asia and informs key energy policy as they transition to net zero emissions by 2050.

The Japanese government’s desire to collaborate with the natural gas industry, major energy buyers and consumers provides an excellent example of government and industry working together to achieve better energy outcomes.

ANGEA says it will work with governments and policy makers to help them meet their climate and carbon emission reduction policy objectives, recognizing country specific requirements.

ANGEA’s founding members represent liquefied natural gas and other energy producers, energy buyers, suppliers and companies operating in the Asia Pacific region.

ANGEA will be overseen by a board comprising senior representatives of founding members.

Foundation members will appoint an Eminent Persons Advisory Council, a group of independent and regionally, if not globally, respected experts, who will provide high level expertise across a range of policy areas to the Board and executive team.

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