In what represents the first major contract for the project, Tokyo Gas Co has decided to purchase...
The field, dubbed Sakhalin-2, is estimated to contain the LNG equivalent of more than 300 million tons and is being developed by Royal Dutch/Shell together with trading house giants Mitsui & Co and Mitsubishi.
The field is expected to produce an annual 9.6 million tons. Analysts say this deal will help Japan diversify its sources of energy imports for stable procurement. Japan now relies heavily on the Middle East and Southeast Asia.
ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive
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