According to The Australian Financial Review, the head in Australia of trading giant Mitsui has come out strongly in support of the development of Woodside Energy’s massive Browse LNG project in Western Australia, saying Japan will need LNG from Australia for decades to come as well as new clean fuels such as low-carbon ammonia and hydrogen.
In his only interview since taking up the role of chairman and CEO of Mitsui Australia on April 1, Masato Sugahara said the Japanese firm is also keen to stay a minority partner in the Woodside-led North West Shelf venture and will continue to look for opportunities for new LNG investments here.
“Looking at Japan’s energy resources breakdown, LNG is going to be still an important resource out to 2050, but we need to think about methods to minimise greenhouse gas emissions by CCS (carbon capture and storage) or other technological solutions,” Mr Sugahara told The Australian Financial Review.
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