Japan launches Energy Transition Initiative for Financial Cooperation in Alternative Energy LNG Sector
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| Chapman announces 10 billion in aid to Pakistan |
Islamabad - to overcome the severe energy crisis in Pakistan, the friendly country Japan came to the fore, Japan announced huge financial assistance of 10 billion dollars for Pakistan - according to the details. The Japanese ambassador said that Japan was launching the Energy Transition Initiative for financial assistance in the alternative energy LNG sector, under which 10 billion would be provided.
According to Express-News, the Japanese Ambassador met with Federal Minister for Energy Hamad Azhar to discuss bilateral cooperation in the energy sector. The Federal Minister said that new blocks for oil and gas exploration are being provided in the country through a competitive process. The auction of these blocks will increase oil and gas activities in the country, the government's move will help increase local oil and gas production and reduce import bills, Japanese companies participate in the auction of oil and gas blocks. Take
Briefing the Japanese ambassador on measures to reduce the revolving credit, Azhar said that the revolving credit flow has been reduced from Rs 538 crore to Rs 177 billion in the last year. The Energy Minister also invited Japanese companies to invest in power transmission and distribution and requested Japanese assistance for technical studies for off-grid solutions in remote areas including Balochistan.
The Japanese ambassador said that Japan was launching the Energy Transition Initiative for financial cooperation in the alternative energy LNG sector, under which 10 billion would be provided. The Japanese Ambassador also invited Hamad Azhar to attend the Asia Green Partnership Ministerial Meeting. It should be noted that a Japanese company had recently announced an investment in Pakistan.
Japanese company ready to invest in a project to install fourth LNG terminal in Pakistan Japanese company Mitsubishi has announced an investment of 3 million for the construction of a fourth LNG terminal in Pakistan. This project will be completed in 2 years. In a message on the microblogging site Twitter, Federal Minister for Maritime Affairs Ali Zaidi said that the Japanese company Mitsubishi has decided to invest 300 million. The terminal will be set up at Port Qasim and the project will be completed in two years. Federal Minister Ali Zaidi said that 90 LNG cargo ships will be able to anchor at the terminal, 24 km long pipeline will be laid for the terminal.
