Japan to offer $10 bln to back Asia LNG infrastructure push

Discussion in 'Business and Economics' started by Carcus, Oct 18, 2017.

  1. Carcus

    Carcus Well-Known Member

    "TOKYO, Oct 16 (Reuters) - The Japanese government will offer $10 billion to support firms bidding to build liquefied natural gas (LNG) infrastructure around Asia, the Nikkei business daily said on Monday.

    It will allow Japanese firms to bid aggressively for work to build facilities such as LNG receiving terminals and power plants...."

    ".....it was part of an effort to build markets in Asia for U.S. LNG"

    /US LNG hmmm? maybe, ... but conspiracy guy is gonna think Japan has decided methane hydrates are viable, and they're building infrastructure for their own product.
  2. Carcus

    Carcus Well-Known Member

    "Methane hydrate exploration and the development of production technologies have advanced significantly in Phases 1 and 2, to the extent that commercial gas production from methane hydrate now appears feasible."
    A Review of the Methane Hydrate Program in Japan - MDPI

    Sep 21, 2017
  3. Carcus

    Carcus Well-Known Member

    "Aug 28 (Reuters) - China's Ministry of Land and Resources, state energy giant China National Petroleum Corp (CNPC) and Guangdong province have agreed to build a pilot methane hydrate project in the South China Sea, CNPC said its website on Monday."
    ....."The government said it would "actively develop" methane hydrate over the 2016-2020 period, although industry experts have said there is no technology yet to commercially unlock the potential energy source."


    "According to the U.S. Department of Energy (DOE), global estimates vary, but the energy content of methane in hydrates is “immense, possibly exceeding the combined energy content of all other known fossil fuels”.
  4. Carcus

    Carcus Well-Known Member

    Shell's Prelude

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