Japan gives up to US$900 mil loan to power producer to buy LNG

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The story "Japan gives up to US$900 mil loan to power producer to buy LNG" was covered 3 months ago by The Edge Markets, a news publisher based in Malaysia.

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Japan gives up to US$900 mil loan to power producer to buy LNG - The Edge Markets

Quick Summary:

The move by JBIC also comes after Malaysia requested to curb contracted deliveries to several Japanese customers through the year-end, due to a disruption to exports.

Japan, which imports most of its energy needs, narrowly avoided blackouts in Tokyo earlier this year and is preparing for a renewed squeeze on supply in the coming months.

The government is expected to call on residents and businesses to again conserve power this winter, and a decision to directly support fuel procurement by utilities underscores concern about supply.