Alaska Inks Accord with Japan LNG Financier

Alaska’s Natural Resources Commissioner Dan Sullivan traveled to Japan last week to sign an agreement with Japan Bank for International Cooperation (JBIC), one of the world’s largest financiers of LNG projects.

“The goal of this trip was to build upon the extensive engagement that the Parnell Administration has undertaken in the past few years to develop strong relationships with the world’s leading LNG buyers, their governments, and consumers,” Sullivan said.

A key element of the trip was the signing of a Memorandum of Understanding (MOU) between the Department of Natural Resources and JBIC.

JBIC is a financial institution that plays a critical role in financing and securing Japan’s LNG imports.

“We are pleased to begin this formal dialogue with JBIC. The agreement we’ve signed focuses on opportunities for Japanese companies and JBIC to become involved in resource development projects in Alaska – in particular, a large volume liquefied natural gas export facility,” Sullivan said.

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LNG World News Staff, September 18, 2013