Sempra Infrastructure and the Japan Bank for International Cooperation (JBIC) have signed a Memorandum of Understanding (MoU) to strengthen the energy supply chain through LNG, hydrogen, and decarbonisation efforts. The partnership aims to provide safe, secure, and affordable energy globally. The collaboration will help advance Sempra Infrastructure's projects in North America and support the objectives of both countries for decarbonisation. The US Department of Energy and Japan's Ministry of Economy are also implementing a Memorandum of Cooperation focused on carbon capture and storage.
Frequently Asked Questions
1. What is the LNG and hydrogen supply chain deal between Sempra and JBIC?
Sempra Infrastructure has reached an agreement with the Japan Bank for International Cooperation (JBIC) to strengthen and develop the energy supply chain through projects involving liquefied natural gas (LNG), hydrogen, and other decarbonization efforts to support both the U.S. and Japan.
2. What is the goal of the collaboration between Sempra Infrastructure and JBIC?
The goal is to improve the global energy supply chain and promote decarbonization, with a focus on pursuing energy transition opportunities in sectors such as hydrogen.
3. What form has the agreement between Sempra and JBIC taken?
The agreement has taken the form of a preliminary, non-binding Memorandum of Understanding (MOU) wherein both entities aim to develop strategic collaboration for further project structuring related to LNG and hydrogen.
4. What does the MOU between Sempra Infrastructure and JBIC entail?
The MOU outlines a preliminary agreement where both organizations express their intentions to collaborate on developing projects that improve the global energy supply chain through LNG and hydrogen as part of wider decarbonization efforts.
5. How do Sempra Infrastructure and JBIC plan to support the energy transition?
They plan to support the energy transition through strategic project development and collaboration that involves LNG and hydrogen, aiming to develop solutions that contribute to a net-zero emissions future and energy resilience.
6. Is the agreement between Sempra and JBIC legally binding?
No, the agreement is currently in the form of a non-binding Memorandum of Understanding (MOU), which sets the stage for future negotiations and potential binding contracts.
For detailed information on the agreement, you can refer to the full articles linked in your search results, such as the Gas World article: Sempra and JBIC signs LNG and hydrogen supply chain deal.