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Japan $10 Billion Fund to Help Asia Secure Oil

Sector: Oil and Gas • Location: Japan

Source: Megaproject

Project
Planned

Japan plans to establish a financial framework worth about $10 billion to assist Asian countries in securing energy resources amid intensified competition for oil due to the Middle East conflict. The support will be mainly channeled through state-backed financial institutions such as Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEXI). The fund aims to

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The project “Japan $10 Billion Fund to Help Asia Secure Oil” is an infrastructure initiative in the Oil and Gas sector, located in Japan. Taiyo aggregates data on it from Megaproject.

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Participants

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Status

Original status

planned

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Contact

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Email

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Description

Description

Japan plans to establish a financial framework worth about $10 billion to assist Asian countries in securing energy resources amid intensified competition for oil due to the Middle East conflict. The support will be mainly channeled through state-backed financial institutions such as Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEXI). The fund aims to prevent knock-on effects on Japan's own supply chains and is equivalent to about one year's worth of crude oil imports by ASEAN countries.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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