JBIC to support LNG terminals in India

Japan Bank for International Cooperation Governor Akira Kondoh has said JBIC is open to supporting the setting up of liquefied natural gas (LNG) terminals in India.

Kondoh, who was on a visit to India, told BusinessLine: “We have started approaching various government departments in India, extending our support for setting up of LNG terminal infrastructure.”

According to Kondoh, Japan ranked as the world’s largest importer of LNG and JBIC had gained expertise in supporting the setting up of LNG terminals (shale gas) in the US. India is the fourth biggest LNG importer in the world.

To a question on whether any investment proposal for supporting the setting up a LNG terminal in India was before JBIC, the Governor of the bank said, “It’s early days. We are at a preliminary stage. Our mission is to support Japanese companies investing overseas and we could support creation of LNG terminals in India both on the capital and technology front.”

Image Credit : interfaxenergy.com