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State, LNG financier in Japan, sign MOU
Alaska Natural Resources Commissioner Dan Sullivan signed a memorandum of agreement with Japan Bank for International Cooperation Sept. 11.
Sullivan signed the MOU on a trip to Japan that included a presentation at a global LNG conference and meetings with business and government officials.
“The goal of this trip was to build upon the extensive engagement that the Parnell Administration has undertaken in the past few years to develop strong relationships with the world’s leading LNG buyers, their governments and consumers,” Sullivan said in a statement.
Sullivan and Japan Bank for International Cooperation Managing Director Koichi Yajima signed the MOU. JBIC is a financial institution that plays a critical role in financing and securing Japan’s LNG imports, DNR said.
Sullivan said the agreement “focuses on opportunities for Japanese companies and JBIC to become involved in resource development projects in Alaska — in particular, a large-volume liquefied natural gas pipeline and export facility.”
The MOU is for two years and may be renewed every two years. It includes a confidentiality agreement covering information identified by either party as confidential.
Conference, meetings Sullivan was an invited speaker at the second LNG Producer-Consumer Conference in Tokyo.
While he Japan the commissioner met with senior officials from Mitsui and Co., Osaka Gas Co., Tokyo Gas Co., Anadarko Petroleum Corp., Resources Energy Inc., BP-Asia Pacific, ExxonMobil, Apache Corp., Korea Gas Corp., DOWA Metals and Mining Co. and Sumitomo Metal and Mining Co.
He was also scheduled to meet with senior Japanese government officials.
—Petroleum News
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