Twenty-two Japanese utilities and trading houses are joining an initiative that aims to leverage their purchasing power to curb methane emissions from liquefied natural gas supply chains, as pressure mounts globally to curb the harmful greenhouse gas.
Companies joining the Coalition for LNG Emission Abatement Toward Net Zero initiative include all of Japan’s major energy companies, as well as trading firms such as Mitsubishi Corp. and Mitsui & Co., according to a copy of a report from the group seen by Bloomberg News.
The CLEAN partnership was launched in Tokyo last year by Jera and Korea Gas in collaboration with the state-backed Japan Metals and Energy Security Organization to collect data on methane emissions from individual LNG projects. The group’s expansion could increase pressure on major LNG suppliers from the US to Australia to cut methane emissions from their supply chains.
