collected by :Victor Alphen
But Japanese companies see opportunity in an important industry in China's backyard: liquefied natural gas. Facing of an excess of natural gas at home, Japanese firms are selling LNG overseas, and Japan is making an effort to shape the gas market in many emerging Asian countries. In October, Japan's trade minister said the country will offer $10 billion in support to supply LNG or build gas infrastructure in Asia. Southeast Asia is a fierce battleground for energy firms, as Japanese companies, armed with vast experience in the LNG field, build new plants and infrastructure to supply the region. Japanese companies that are making the foray into Southeast Asia include Tokyo Gas, Osaka Gas and Jera.
But Japanese companies see opportunity in an important industry in China's backyard: liquefied natural gas. Facing of an excess of natural gas at home, Japanese firms are selling LNG overseas, and Japan is making an effort to shape the gas market in many emerging Asian countries. In October, Japan's trade minister said the country will offer $10 billion in support to supply LNG or build gas infrastructure in Asia. Southeast Asia is a fierce battleground for energy firms, as Japanese companies, armed with vast experience in the LNG field, build new plants and infrastructure to supply the region. Japanese companies that are making the foray into Southeast Asia include Tokyo Gas, Osaka Gas and Jera.
Federal financial interventions, subsidies in energy markets have declined since 2013, EIA reports
Federal financial interventions, subsidies in energy markets have declined since 2013, EIA reports© ShutterstockThe U.S. Energy Information Administration (EIA) recently updated its report on federal financial interventions and subsidies in energy markets to cover the 2016 U.S. government fiscal year (FY). Between FY 2013 and FY 2016, direct federal financial interventions and subsidies in energy markets decreased by almost half from $29.3 billion in FY 2013 to $15.0 billion in FY 2016. The report focuses on "direct federal financial interventions by the federal government that provide financial benefits with identifiable federal budget impacts and are specifically targeted at energy markets." Some programs that benefit energy markets were not included because they also impact markets beyond the energy industry. The types of federal financial activities covered are direct expenditures, estimated tax expenditures, investments in research and development (R&D) and credit subsidies to recipients of federal loan guarantees. Federal subsidies for fossil fuels decreased from approximately $3.9 billion in FY 2013 to $489 million in FY 2016.
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