Japan Plans Climate Initiative to Help Cut Methane Emissions
- US, EC, Japan, Korea and Australia to cooperate on mitigation
- Effort signals major shift by buyers to push for cleaner LNG
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The US, the European Commission, Japan, South Korea and Australia are collaborating to limit methane emissions from liquefied natural gas supply chains as concerns mount over the climate impact from leaks of the potent greenhouse gas.
Although few details were released, the partnership represents a shift for some of the world’s biggest LNG buyers who have historically prioritized security of supply. It may force suppliers who want to sell to Japan and Korea to reduce accidental and intentional releases of methane from their supply chains.