ADVOCATE STAFF AND WIRE REPORT / THE ADVOCATE
TOKYO — The U.S. is keen to work with Japan in expanding exports of U.S. liquefied natural gas in Asia, a move that bodes well for export terminals being developed along the Louisiana and Texas coasts.
Many of the fastest growing markets in the Asian-Pacific region lack terminals and other infrastructure needed to increase their LNG imports.
Japan's trade and industry minister announced Wednesday plans for a $10 billion public-private effort to build LNG terminals, power plants and other facilities to help meet rising energy demand in Asia.
"The global demand for liquefied natural gas is rising sharply and the expansionary trend will continue for a while, mainly in Asia," Hiroshige Seko, ministry of the economy, trade and industry, told a conference in Tokyo.