Latest news with #JERA
Mint
12 hours ago
- Business
- Mint
US and Japan to form LNG joint venture, says Donald Trump - All you need to know about the project
US President Donald Trump on Tuesday said that the US and Japan will form a joint venture in order to develop a liquefied natural gas (LNG) project in Alaska. However, a Japanese official denied being aware of such plans. Trump's announcement came moments after he announced a trade deal with Japan, reducing tariffs to 15 per cent on goods including auto parts. Japan became the first country to strike a trade deal with the US that would also reduce auto tariffs. Trump had earlier threatened to impose a 25 per cent tariff on Japanese goods starting August 1. It was not immediately clear whether Trump was referring specifically to the proposed $44 billion Alaska LNG project. That project would consist of an 800-mile (1,300-km) pipeline carrying gas to a planned liquefaction plant for export. Trump's announcement of the venture came in comments to lawmakers at the White House where he discussed his trade deal with Japan. "We concluded the one deal ... and now we're going to conclude another one because they're forming a joint venture with us at, in Alaska, as you know, for the LNG," Trump told the lawmakers. 'They're all set to make that deal now.' The METI official, who oversees resource development, said the agency is working to confirm Trump's comments. Several companies from Japan have expressed an interest in buying LNG from the project, along with Thailand's PTT and India's GAIL. JERA and Tokyo Gas, Japan's two biggest LNG buyers, have expressed their interest in the Alaska LNG project but said they would need to assess specific conditions, including costs, before moving forward. But when asked about the joint venture mentioned by Trump, a JERA spokesperson said they could not confirm it. A Tokyo Gas spokesperson declined to comment, saying the company is not involved in a joint venture for LNG in Alaska and is not familiar with the details.
The Sun
13 hours ago
- Business
- The Sun
Trump announces US-Japan LNG joint venture in Alaska
TOKYO: US President Donald Trump stated on Tuesday that Japan would form a joint venture with the US to develop a liquefied natural gas (LNG) project in Alaska. However, a Japanese government official overseeing resource development said they were unaware of any such agreement. Trump made the announcement while addressing lawmakers at the White House, where he discussed trade relations with Japan. 'We concluded the one deal ... and now we're going to conclude another one because they're forming a joint venture with us at, in Alaska, as you know, for the LNG,' he said. 'They're all set to make that deal now.' It remains unclear whether Trump was referring specifically to the proposed $44 billion Alaska LNG project, which includes an 800-mile pipeline and a liquefaction plant for exports. The Ministry of Economy, Trade and Industry (METI) official stated they were working to verify Trump's remarks. Japanese firms, including major LNG buyers JERA and Tokyo Gas, have previously shown interest in the Alaska LNG project but emphasized the need to evaluate costs and other conditions before committing. A JERA spokesperson could not confirm the joint venture mentioned by Trump, while Tokyo Gas declined to comment, stating they were not involved in any such agreement. Other potential buyers, such as Thailand's PTT and India's GAIL, have also expressed interest in the project.
Yahoo
13 hours ago
- Business
- Yahoo
Trump says Japan, US to form LNG joint venture
By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -U.S. President Donald Trump said on Tuesday that Japan will form a joint venture to develop a liquefied natural gas project in Alaska though a Japanese government official said he was not aware of such plans. It was not immediately clear whether Trump was referring specifically to the proposed $44 billion Alaska LNG project. That project would consist of an 800-mile (1,300-km) pipeline carrying gas to a planned liquefaction plant for export. Trump's announcement of the venture came in comments to lawmakers at the White House where he discussed his trade deal with Japan. "We concluded the one deal ... and now we're going to conclude another one because they're forming a joint venture with us at, in Alaska, as you know, for the LNG," Trump told the lawmakers. "They're all set to make that deal now." The METI official, who oversees resource development, said the agency is working to confirm Trump's comments. Several companies from Japan have expressed an interest in buying LNG from the project, along with Thailand's PTT and India's GAIL. JERA and Tokyo Gas, Japan's two biggest LNG buyers, have expressed their interest in the Alaska LNG project but said they would need to assess specific conditions, including costs, before moving forward. But when asked about the joint venture mentioned by Trump, a JERA spokesperson said they could not confirm it. A Tokyo Gas spokesperson declined to comment, saying the company is not involved in a joint venture for LNG in Alaska and is not familiar with the details. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
13 hours ago
- Business
- CNA
Trump says Japan, US to form LNG joint venture
TOKYO :U.S. President Donald Trump said on Tuesday that Japan will form a joint venture to develop a liquefied natural gas project in Alaska though a Japanese government official said he was not aware of such plans. It was not immediately clear whether Trump was referring specifically to the proposed $44 billion Alaska LNG project. That project would consist of an 800-mile (1,300-km) pipeline carrying gas to a planned liquefaction plant for export. Trump's announcement of the venture came in comments to lawmakers at the White House where he discussed his trade deal with Japan. "We concluded the one deal ... and now we're going to conclude another one because they're forming a joint venture with us at, in Alaska, as you know, for the LNG," Trump told the lawmakers. "They're all set to make that deal now." The METI official, who oversees resource development, said the agency is working to confirm Trump's comments. Several companies from Japan have expressed an interest in buying LNG from the project, along with Thailand's PTT and India's GAIL. JERA and Tokyo Gas, Japan's two biggest LNG buyers, have expressed their interest in the Alaska LNG project but said they would need to assess specific conditions, including costs, before moving forward. But when asked about the joint venture mentioned by Trump, a JERA spokesperson said they could not confirm it.
Reuters
13 hours ago
- Business
- Reuters
Trump says Japan, US to form LNG joint venture
TOKYO, July 23 (Reuters) - U.S. President Donald Trump said on Tuesday that Japan will form a joint venture to develop a liquefied natural gas project in Alaska though a Japanese government official said he was not aware of such plans. It was not immediately clear whether Trump was referring specifically to the proposed $44 billion Alaska LNG project. That project would consist of an 800-mile (1,300-km) pipeline carrying gas to a planned liquefaction plant for export. Trump's announcement of the venture came in comments to lawmakers at the White House where he discussed his trade deal with Japan. "We concluded the one deal ... and now we're going to conclude another one because they're forming a joint venture with us at, in Alaska, as you know, for the LNG," Trump told the lawmakers. "They're all set to make that deal now." The METI official, who oversees resource development, said the agency is working to confirm Trump's comments. Several companies from Japan have expressed an interest in buying LNG from the project, along with Thailand's PTT and India's GAIL. JERA and Tokyo Gas (9531.T), opens new tab, Japan's two biggest LNG buyers, have expressed their interest in the Alaska LNG project but said they would need to assess specific conditions, including costs, before moving forward. But when asked about the joint venture mentioned by Trump, a JERA spokesperson said they could not confirm it. A Tokyo Gas spokesperson declined to comment, saying the company is not involved in a joint venture for LNG in Alaska and is not familiar with the details.
