Sempra Infrastructure entered into a memorandum of understanding (MOU) with the Japan Bank for International Cooperation (JBIC) to cooperate on opportunities to advance the energy transition, the companies announced Feb. 2.
This partnership between Sempra and JBIC is intended to help the companies meet the objectives of a newly implemented memorandum of cooperation between the U.S. Department of Energy and Japan's Ministry of Economy, Trade and Industry in the field of carbon capture, storage, conversion and recycling, and CO2 removal.
Through the MOU, Sempra Infrastructure and JBIC aim to further project structuring to improve the global energy supply chain through LNG, hydrogen and other decarbonization efforts in both the U.S. and Japan.
The MOU is a preliminary, non-binding arrangement, and the development of any project in connection with the MOU is contingent upon completion of the required commercial agreements, securing all necessary permits, obtaining financing and reaching a final investment decision, among other factors and considerations.
Recommended Reading
ARC Resources Adds Ex-Chevron Gas Chief to Board, Tallies Divestments
2024-02-11 - Montney Shale producer ARC Resources aims to sign up to 25% of its 1.38 Bcf/d of gas output to long-term LNG contracts for higher-priced sales overseas.
Texas LNG Export Plant Signs Additional Offtake Deal With EQT
2024-04-23 - Glenfarne Group LLC's proposed Texas LNG export plant in Brownsville has signed an additional tolling agreement with EQT Corp. to provide natural gas liquefaction services of an additional 1.5 mtpa over 20 years.
Tinker Associates CEO on Why US Won’t Lead on Oil, Gas
2024-02-13 - The U.S. will not lead crude oil and natural gas production as the shale curve flattens, Tinker Energy Associates CEO Scott Tinker told Hart Energy on the sidelines of NAPE in Houston.
Exclusive: Chevron Balancing Low Carbon Intensity, Global Oil, Gas Needs
2024-03-28 - Colin Parfitt, president of midstream at Chevron, discusses how the company continues to grow its traditional oil and gas business while focusing on growing its new energies production, in this Hart Energy Exclusive interview.
US Natgas Prices Hit 5-week High on Rising Feedgas to Freeport LNG, Output Drop
2024-04-10 - U.S. natural gas futures climbed to a five-week high on April 10 on an increase in feedgas to the Freeport LNG export plant and a drop in output as pipeline maintenance trapped gas in Texas.