As part of their effort to expand their co-operation in the Indo-Pacific region, the United States and Japan on Monday stated the existence of several commercial projects in the region, including one in Bangladesh.
The LNG-to-power project in Bangladesh is one of 10 US-Japan commercial collaborations and market development initiatives in the Indo-Pacific region.
The details of the collaboration were announced at the end of the Second Public-Private Sector Roundtable Discussion on US-Japan Cooperation on Third Country Infrastructure.
During the roundtable, a variety of US and Japanese government agencies along with numerous companies identified avenues to enhance co-operation in order to assist Indo-Pacific nations along with others 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 round table. They identified specific activities in the areas of commercial co-operation, joint financing and risk mitigation, policy advocacy, and capacity building. Participants discussed opportunities to co-operate more effectively in the fields of energy, transportation, water and sanitation, and telecommunication.
The participants also confirmed a list of ongoing cooperative activities in the Indo-Pacific region along with other nations that will promote quality infrastructure as well as best value solutions.
The two countries agreed to enhance government support to liquefied natural gas (LNG)-related infrastructure developments in the Indo-Pacific, along with commercial projects pursued by US and Japanese companies in LNG to power and gas to power projects in Bangladesh, Indonesia, and the United Arab Emirates. There was also an agreement to set up a fibre-optic submarine cable project, a media release said.
This article was first published on banglatribune.com