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Natural gas

Energy Majors Unite to Promote Natural Gas in Asia

Strategic Insights

— 1 min read

Energy majors, including Chevron, ExxonMobil, JERA, JGC, Mitsubishi Heavy Industries, Santos and SK E&S, are joining forces to reduce carbon emissions in Asia by promoting natural gas. The Asia Natural Gas and Energy Association (ANGEA) aims to advise governments on energy policies and solutions, including renewables and energy conservation, to meet global climate goals established by the Paris Agreement. ANGEA's founding members will harness their expertise across the life cycle of the industry, from energy development and production to transport, distribution, and storage.

Key Takeaways:

  • ANGEA is an advocacy group established by energy majors to promote natural gas in Asia and reduce carbon emissions.
  • The association will advise governments on energy policies and solutions, including renewables and energy conservation, to meet global climate goals established by the Paris Agreement.
  • ANGEA's founding members include Chevron, ExxonMobil, JERA, JGC, Mitsubishi Heavy Industries, Santos, and SK E&S, representing liquefied natural gas (LNG) and other energy producers, energy buyers, suppliers, and companies operating in the Asia Pacific region.
  • ANGEA will work with governments and industry to achieve a lower carbon energy future in the region.
  • The association will examine how a combination of energy sources, including natural gas, can support national policy objectives.
  • ANGEA will be overseen by a board comprising senior representatives of founding members and will appoint an Eminent Persons Advisory Council to provide high-level expertise across a range of policy areas.

Statistics:

  • Asia is expected to account for 60% of the world's economic growth by 2030.
  • The energy industry plays a critical role in the long-term development of low-carbon energy policies and solutions in the Asia Pacific region.
  • ANGEA will mark its official launch during the 10th Annual LNG Producer Consumer Conference in Japan on 5 October 2021.

Sources:

  • "Asia Natural Gas and Energy Association (ANGEA) - Official Launch".
  • Chevron (NYSE:CVX) - News Release
  • ExxonMobil (NYSE:XOM) - News Release
  • JERA - News Release
  • JGC - News Release
  • Mitsubishi Heavy Industries (NYSE:MHVYF) - News Release
  • Santos (ASX:STO) - News Release
  • SK E&S - News Release

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