Skip to content

Japan Gives Up To $900 Million Loan to Power Producer to Buy LNG

Japan will provide a public-private loan worth as much as 130 billion yen ($900 million) to the nation’s top power producer to buy liquefied natural gas, the latest effort by the government to avoid a crippling fuel shortage this winter.

The Japan Bank for International Cooperation and private sector banks formed a lending agreement to help Jera Co. procure LNG, according to a statement on Thursday.