Japan is boosting its efforts to help other Asian nations build LNG infrastructure in a bid to lower the region's emissions by facilitating the shift to LNG from higher-emitting fuels for electricity generation.
The environmental effects are going to be powerful, according to Kyodo News, citing data from Japan's Ministry of Economy, Trade and Industry:
"If seven Asian countries -- India, Indonesia, Vietnam, the Philippines, Malaysia, Thailand and Myanmar -- shift from coal-fired to gas-powered plants, it would reduce carbon dioxide emissions by around 864 million tons, equivalent to 71 percent of Japan's annual greenhouse emissions, according to ministry data.
It is estimated such a shift would create additional LNG demand of 166 million tons, more than double Japan's annual imports, the data showed."
Japan sources about 40% of its electricity from LNG, and is looking to boost reliable supplies, and lower its cost of acquisition. Opening up West Coast North American ports to LNG exports will help make this a reality.
Two years ago, Japan doubled its investment in a public-private partnership to $20 billion to help fellow Asian nations build LNG infrastructure including storage, ports and other related facilities.