As part of their effort to expand their co-operation in the Indo-Pacific region, the United States and Japan on Monday identified several commercial projects in the region, including a power project in Bangladesh.
LNG to Power project in Bangladesh is one of the ten US-Japan commercial collaboration and market development initiative in the Indo-Pacific region.
The details of the collaboration were announced at the conclusion of the ‘Second Public-Private Sector Roundtable Discussion on US-Japan Cooperation on Third Country Infrastructure’.
During the roundtable, a wide range of US and Japanese government agencies and numerous companies identified avenues to expand cooperation to assist Indo-Pacific and other nations in securing quality infrastructure and best value solutions that meet their sustainable social and economic goals.
More than 150 government officials and private sector representatives attended the roundtable and they identified specific activities in the areas of commercial cooperation, joint financing and risk mitigation, policy advocacy, and capacity building. Participants discussed opportunities to cooperate more effectively in the fields of energy, transportation, water and sanitation, and telecommunication.
They also confirmed a list of ongoing cooperative activities in Indo-Pacific and other nations that will promote quality infrastructure and best value solutions.
The two countries agreed to enhance government support to liquefied natural gas (LNG)-related infrastructure developments in the Indo-Pacific; and commercial projects pursued by US and Japanese companies in LNG to power and gas-fired power in Bangladesh, Indonesia, and the United Arab Emirates and a fiber-optic (optical) submarine cable system project, a media release said.