The Trilateral Vietnam-US-Japan Commercial Liquefied Natural Gas (LNG) Forum was recently held in order to promote shared energy goals, the US Department of State announced on its website on December 3.

In attendance at the event were US Under Secretary of State for Economic Affairs Keith Krach, Assistant Secretary of State Francis Fannon, Japanese State Minister of Economy, Trade and Industry Kiyoshi Ejima, and Vietnamese Deputy Minister of Industry and Trade Dang Hoang An.

The occasion was held within the framework of the Japan – US strategic energy partnership that was originally launched in 2017 in an effort to promote a network of clean and secure energy sources, along with new technology markets which provide competitive alternatives to malign actors throughout the region.

The three countries used the platform to agree that the best way to achieve regional growth is through fair and transparent competition, including in energy markets for LNG and new fuel sources.

Krach went on to describe the growing role of LNG in developing a network of clean and secure energy markets, with the region preparing to diversify its energy resources.

In response, Fannon highlighted the importance of LNG as a flexible energy platform that will ultimately enable the nation’s energy transition.

The clean energy goals of the Vietnamese leadership and on private sector-led growth will continue to serve as an example as the country strives to works alongside its neighbours to prepare for a mid-decade surge in energy demand.  With the nation increasingly making use of newer and more efficient fuel sources and energy technologies, both the US and Japan will continue to provide support, commercial innovation, and private sector investment, he said.

According to the US Department of State, both the US and Japan commend the nation’s leadership in upholding commitments made during the Asia-Pacific Economic Cooperation (APEC) forum held three years ago. Most notably, the country’s efforts relating to the legislation to intensify private sector investment and support market-led growth. 

This indicates that the Vietnamese side has made great strides for the causes of diversification and increase investment in energy security for its future.