MNI BRIEF: PBOC Plans To Borrow Hundred Bln Yuan CGB - Press

MNI BRIEF: BOJ Consumption Activity Index Flat M/M In May

MNI: PBOC Net Drains CNY48 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1289 Fri; -0.35% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1289 FRI VS 7.1305

France Industrial Production Y/Y Lowest Since October 2022

MNI: SPAIN MAY IND PROD -0.1% M/M; +0.2%r M/M PRIOR

MNI: FRANCE MAY INDUSTRIAL PRODUCTION -2.1% M/M, -3.1% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Japan’s JOGMEC to Support New LNG Projects

LNG

The Japan Organization for Metals and Energy Security (JOGMEC) is planning to give financial support to Japanese companies for new LNG projects, JOGMEC CEO Ichiro Takahara said, cited by Reuters.

  • LNG accounts for 34% of the Japan’s LNG mix. Last year, Japan was the second largest LNG importer, after China.
  • "We have received several queries from Japanese companies regarding new LNG projects and we are preparing to decide on financial assistance," Takahara said.
  • Japan's investment in oil and gas exploration and asset acquisition is expected to double in the fiscal year starting in April to 108.2bn yen ($733mn), from 47.9bn yen for the current year according to a budget request.
  • Under the five-year business plan started last April, it aims to raise Japan's equity offtake from oil and gas projects supported by JOGMEC by 70,000 boepd to 1.05mn boepd by March 2028.
Energy BulletsBank of Japan (BOJ) Market NewsCommodities
Energy BulletsBank of Japan (BOJ) Market NewsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.