"The question is where should utilities go to acquire assets?...

"The question is where should utilities go to acquire assets? From what our market research shows, there is a 74 per cent likelihood Japanese utilities will head for Australia for coal mines and a 40 per cent likelihood they will head downunder for LNG assets.
In the LNG sector, we have already seen Japanese utilities acquire a small stake in Australian LNG projects such as Darwin LNG, Pluto LNG, Gorgon LNG, Curtis LNG, Wheatstone LNG and Ichthys LNG over the last five years. We should see them more in the coal mine sector as well in the coming years."

https://bluenotes.anz.com/posts/2016/04/a-new-era-of-japanese-investment-in-australia/