Houston-based Sempra Infrastructure, a subsidiary of Sempra, and Japan Bank for International Cooperation (JBIC) have signed a memorandum of understanding (MoU) to collaborate on energy transition opportunities, such as LNG and hydrogen, in the United States and Japan.
The MoU will see Sempra and JBIC advance their project structuring
to improve the global energy supply chain through LNG, hydrogen, and other
decarbonization efforts.
The U.S. Department of Energy and Japan’s Ministry of Economy,
Trade and Industry are currently implementing a memorandum of cooperation (MOC)
in the field of carbon capture, storage, conversion and recycling, and carbon
dioxide removal.
In this context, the MoU between Sempra Infrastructure and JBIC is
intended to help Sempra Infrastructure and its customers in Japan meet many of
the objectives of the MOC and help support further efforts between the two
countries to advance decarbonization efforts.
As Japan’s policy-based financial institution, JBIC aims to
financially support the creation of business opportunities for Japanese
companies and the securing of a stable supply of energy.
Sempra has established various partnerships with Japanese
companies, with one of them reflected in Sempra Infrastructure’s Cameron LNG
facility and recently announced strategic collaboration with a Japanese consortium,
which calls for an evaluation of potential enhancements of the energy supply
chain in support of decarbonization through e-natural gas as part of the ReaCH4
Project.
In addition, the company is developing the Hackberry Carbon Sequestration Project, which contemplates the
participation of two Japanese companies. Both development projects are in close
geographical proximity to the Cameron LNG facility.
https://www.offshore-energy.biz/sempra-and-jbic-join-forces-to-pursue-energy