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Japan floats $10bn plan to build out Asian LNG market

World's No. 1 importer to support infrastructure like pipelines, power plants

Representatives from LNG producers and up-and-coming consumers like Myanmar met in Tokyo this week.

TOKYO -- Japan aims to help boost Asia's potential to use liquefied natural gas with $10 billion in aid, the government said Wednesday, in a bid to play a lead role in developing a market held back by lack of infrastructure and restrictive supply contracts.

Japan is the world's No. 1 importer of the fuel, which could help power economic growth in energy-hungry Asia. Hiroshige Seko, the Japanese trade and industry minister, announced the initiative at a Tokyo conference of LNG producers and consumers. 

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