(Note: This is an excerpt from the original article)
Prospects look brighter for cooperation in areas such as energy. The U.S. and Japan established a strategic energy partnership, agreeing to work together on boosting American exports of liquefied natural gas to Asia. The two nations also have agreed to coordinate efforts to secure contracts for infrastructure projects.
The U.S. shale gas boom has Washington searching for new LNG buyers. Japan announced plans last month for some 1 trillion yen ($8.79 billion) in public- and private-sector funding to support development of Asian LNG markets.
Thomas Hardy, acting director of the U.S. Trade and Development Agency, signed a memorandum of cooperation Monday with Satoshi Kusakabe, commissioner of Japan’s Agency for Natural Resources and Energy. The partnership benefits both Japan and the U.S., Hardy said, and allows for fair and transparent development.
Washington and Tokyo also plan to renew a nuclear cooperation agreement set to expire in July 2018, maintaining the status quo without renegotiating the pact.