The Japan Bank for International Cooperation (JBIC) has entered into a Memorandum of Understanding (MOU) with Sempra Infrastructure Partners, LP (Sempra Infrastructure) in the United States. This partnership, established on February 1, underscores a mutual commitment to enhancing the energy infrastructure with a keen focus on hydrogen and LNG sectors.
JBIC’s collaboration with Sempra Infrastructure is strategically aimed at advancing project structuring to not only improve the energy supply chain but also to champion decarbonization initiatives. Sempra Infrastructure, a frontrunner in North American energy infrastructure, has been instrumental in LNG ventures like the Cameron LNG project, attracting participation from Japanese firms. Additionally, its engagement in projects targeting zero-emission fuels and its collaboration with Japanese entities on Carbon Capture and Storage (CCS) and methanation projects adjacent to the Cameron LNG site, place it at the forefront of efforts to transition to a decarbonized society.
This partnership arrives at a time when Japan and the United States have solidified their cooperation on decarbonization through a Memorandum of Cooperation, enhancing their energy relationship and dialogue on energy security. The synergy between JBIC and Sempra Infrastructure is poised to amplify the collaboration between the two nations further.
As Japan’s policy-driven financial institution, JBIC is committed to financially backing the creation of business opportunities for Japanese companies and ensuring a stable energy supply, marking a pivotal step towards global decarbonization and energy security enhancement.
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