LNG

The Japan Bank for International Cooperation (JBIC) said it helped JERA Co. Inc., the largest Japanese utility and LNG importer, to acquire a 27 percent stake in Aboitiz Power Corp. of the Philippines for $1.58 billion.

Vietnam is making progress on several liquefied natural gas import projects to support associated power plants and one such venture in Bac Lieu Province in the southern Mekong Delta has signed a technology license agreement with Stena Power and LNG Solutions for jetty-less LNG receiving and regasification technology.

A Japanese state agency is having its financing and aid rules changed so that companies from Japan can invest in more LNG import terminals in southeast Asia and in trans-shipment stations for Russian volumes.