Sempra Infrastructure has joined forces with the Japan Bank for International Cooperation (JBIC) to strengthen the energy supply chain through liquefied natural gas (LNG), hydrogen, and other decarbonisation efforts.
The US-Japan partnership has been solidified with the signing of a Memorandum of Understanding (MoU) that strives to provide access to safe, secure, and affordable energy for global partners.
Justin Bird, CEO of Sempra Infrastructure, said the company is thrilled to expand its collaboration with JBIC as it looks to advance its project and energy delivery assets in North America.
He added, “We have built our relationships with customers and the export credit agencies in Japan over the past decade and are excited to expand our relationship with JBIC as we continue developing projects in support of our Net Zero business.”
The MoU between Sempra Infrastructure and JBIC is intended to help Sempra Infrastructure and its customers in Japan meet many of the objectives between the two countries to advance decarbonisation efforts.
As Japan’s policy-based financial institution, JBIC has articulated a mission to continue to financially support the creation of business opportunities for Japanese companies and the securing of a stable supply of energy.
Sempra companies have partnered with Japanese companies for more than half a century.
More recently, its partnership efforts have been reflected in Sempra Infrastructure’s Cameron LNG facility and its recently announced strategic collaboration with a Japanese consortium, which calls for an evaluation of potential enhancements of the energy supply chain in support of decarbonisation through e-natural gas as part of the ReaCH4 Project.
Further to this, the US Department of Energy and Japan’s Ministry of Economy, Trade and Industry are currently implementing a Memorandum of Cooperation focused on carbon capture, storage, conversion and recycling, and carbon dioxide removal.
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