Japan, South Korea LNG buyers seek transparency on methane emissions

20-plus companies to join disclosure initiative by JERA and Korea Gas

Around 30% of methane emissions are generated by oil and gas fields and infrastructure such as pipelines. © Reuters

NATSUKI YAMAMOTO and DAISHI CHIBA, Nikkei staff writers

October 4, 2024 05:02 JST

TOKYO -- Japanese and South Korean companies will team up to curb methane emissions from gas fields, encouraging suppliers of liquefied natural gas to provide information about their footprint of a major contributor to global warming, Nikkei has learned.

More than 20 Japanese comes will join the CLEAN initiative led by Japan's JERA and Korea Gas. They include such major LNG buyers as Tokyo Gas, Mitsubishi Corp. and Mitsui & Co., along with smaller regional players like Hiroshima Gas.