[size=36]Japan will invest $ 10 billion in LNG to reduce dependence on Middle East oil[/size]
Nikkei newspaper reported on Tuesday that the public and private sectors in Japan Sasttmran ten billion dollars to encourage the use of liquefied natural gas more widely around the world, due to concerns about the stability of crude oil supplies from the Middle East.
The Japanese government aims to reduce its dependence on oil from the Middle East after drone attacks on two Saudi oil facilities on September 14, with oil from the region accounting for about 90 percent of its crude imports.
The newspaper said the Japanese Minister of Industry will announce the plan Aasco Sugawara during LNG in Tokyo on Tuesday , the producers and consumers of gas conference.
The $ 10 billion will come from public and private sector funding and investment from entities such as the Japan Bank for International Cooperation (JBIC), Japan's state-backed National Oil, Gas and Minerals Corporation, as well as private trading companies and financial institutions, according to Nikkei.
With $ 10 billion in funding, Japan plans to fund projects such as treatment plants, receiving ports and power plants, Nikkei said.