Japan Signs up With Malaysia’s Petronas to Secure LNG Supplies

[Epoch-Times-Bot]

Japan Signs up With Malaysia's Petronas to Secure LNG Supplies

The Japanese government has signed an energy agreement with Malaysia’s state oil and gas firm Petronas that includes supplying liquefied natural gas (LNG) tanks in the event of an emergency.
Japan’s Ministry of Economy, Trade and Industry signed a memorandum of cooperation (MoC) with Petronas at the LNG Producer-Consumer Conference in Tokyo on Thursday.
The memorandum includes consideration of joint upstream investment, technical cooperation on cutting climate-warming methane emissions, mutual assistance in fuel supply, and the emergency use of LNG tanks.
Both sides agreed to discuss ways to supply fuel to whichever side has a shortage, given that the countries’ peak consumption periods differ. Malaysia’s peak demand is in summer, while Japan’s is in winter....

Source: Japan Signs up With Malaysia's Petronas to Secure LNG Supplies

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