Europe, Japan Peeping Tom Plan to Watch LNG Methane Emissions

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Yesterday, Japan’s JERA Co. Inc. and Korea Gas Corp. (KOGAS) announced a new initiative called the Coalition for LNG Emission Abatement toward Net-zero (“CLEAN”). The private-public initiative has the support of the governments of Japan, South Korea, Australia, the U.S., and Europe, whose representatives signed a framework agreement for creating a mechanism to monitor methane emissions. “To support the Coalition, Japan and the European Commission expressed their vision to create a globally aligned methane emission assessment of LNG projects and to incentivize methane mitigation by LNG producers by facilitating the information collection process of methane leakage counter measures and methane reduction targets,” a joint statement by the allies said.

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