Japanese energy companies are venturing overseas to pursue the LNG business, from trading the commodity to building infrastructure. (Photo by Mizuho Miyazaki)
YUICHI SHIGA and SAYUMI TAKE, Nikkei staff writers |
TOKYO — Southeast Asian countries’ transition to liquefied natural gas and the expected surge in demand for the fuel is spurring Japanese companies to expand their LNG business in the region as their home market’s needs shrink.
Natural gas is becoming an important resource for ASEAN’s 10 members. Vietnam and the Philippines began importing LNG in 2023 to fuel their gas-fired power plants.
