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.