Jogmec to Back LNG Projects

摘要

State Japan Oil, Gas and Metals National Corp. (Jogmec) will start providing guarantees for up to 75% of liability to Japanese firms’ overseas LNG projects, expanding on its existing coverage that caters to oil and gas upstream development projects. However, firms have to meet criteria that the LNG supplied to Japan would be more competitive than Japan’s average LNG import price in the previous year, a Jogmec official tells International Oil Daily.