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Sempra and JBIC Finalize Deal for LNG and Hydrogen Supply Chain
Sempra and JBIC Finalize Deal for LNG and Hydrogen Supply Chain

Sempra and JBIC Finalize Deal for LNG and Hydrogen Supply Chain

  • 06-Feb-2024 10:01 AM
  • Journalist: Nina Jiang

Sempra Infrastructure has embarked on a strategic collaboration with the Japan Bank for International Cooperation (JBIC), with a focus on strengthening the energy supply chain through various initiatives, including liquefied natural gas (LNG), hydrogen, and broader decarbonization efforts.

The partnership, solidified through the signing of a Memorandum of Understanding (MoU), aims to provide secure, affordable, and sustainable energy to global partners. Justin Bird, CEO of Sempra Infrastructure, expressed excitement about expanding the collaboration with JBIC, highlighting the commitment to advancing project and energy delivery assets in North America.

The MoU between Sempra Infrastructure and JBIC is designed to assist Sempra Infrastructure and its Japanese customers in achieving various objectives aligned with the decarbonization efforts of both countries.

As Japan's policy-based financial institution, JBIC has a mission to provide financial support for the development of business opportunities for Japanese companies and ensure a stable energy supply. This collaboration signifies a joint effort to address global energy challenges and contribute to sustainable development.

Sempra's history of collaboration with Japanese companies spans over half a century, with recent partnerships evident in Sempra Infrastructure's Cameron LNG facility. Additionally, a newly announced strategic collaboration with a Japanese consortium aims to evaluate potential enhancements to the energy supply chain, specifically supporting decarbonization through e-natural gas as part of the ReaCH4 Project.

The ReaCH4 Project focuses on utilizing electronic natural gas (e-natural gas) as a means to reduce carbon emissions in the energy sector. This aligns with the growing emphasis on cleaner energy sources and the transition towards a more sustainable and environmentally friendly energy landscape.

Furthermore, the collaboration between Sempra Infrastructure and JBIC is in line with broader initiatives by governmental bodies. The US Department of Energy and Japan’s Ministry of Economy, Trade, and Industry are actively implementing a Memorandum of Cooperation. This collaborative effort is centered on advancing technologies related to carbon capture, storage, conversion, and recycling, as well as addressing carbon dioxide removal.

The global significance of this collaboration is underscored by the shared commitment to addressing the challenges of climate change and advancing technologies that contribute to a low-carbon and sustainable future. By leveraging the expertise and resources of both Sempra Infrastructure and JBIC, the partnership aims to play a pivotal role in shaping the future of the energy sector and fostering innovation in clean energy solutions. The combined efforts reflect a shared vision for a more sustainable and resilient global energy landscape.

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