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BG Group has signed an agreement with the Japan Bank for International Cooperation (JBIC) aimed at supporting the long-term supply of LNG to Japan.
Under the cooperation agreement, BG Group will liaise with JBIC on the group’s natural gas developments and JBIC will consider providing financial support for these projects. The relationship is expected to help ensure Japan receives stable supplies of natural gas in the form of LNG and create opportunities for Japanese companies to participate in BG Group projects, according to a news release.
BG Group has demonstrated its ability over several years to assist Japanese gas and electricity companies with the prompt delivery of LNG in times of need. In the past 12 months, BG Group has delivered 61 LNG cargoes to Japan, totaling about 3.88 million tons.