TOKYO -- JX Nippon Oil & Gas Exploration, a resource developer under Japanese energy group Eneos Holdings, will invest more than 100 billion yen ($648 million) to drill a new natural gas field in Malaysia, in an operation with Petronas, Malaysia's state-owned oil company.
The companies aim to begin production in 2026 or later. Carbon dioxide (CO2) generated during natural gas production will be buried underground to suppress carbon emissions.
