Japan’s government has earmarked $200bn in financial assistance for investment in overseas infrastructure projects over the next five years, including upstream oil and natural gas development. The capital forms part of an initiative that prime minister Shinzo Abe’s cabinet has adopted to meet increasing global demand for high-quality energy infrastructure. Abe presented the programme at the G7 summit in Ise-Shima that started on 26 May. The group discussed the global economy and climate change, among other topics, over the course of the two-day gathering. “Promoting exports of Japan’s high-quality infrastructure is vital for our economic growth,” Abe says.
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