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    Japanese Firms Form Carbon Neutral LNG Buyers Club

Summary

Tokyo Gas said that the alliance was established with the aim of spreading the use of carbon neutral LNG and increasing its utility value.

by: Shardul Sharma

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Complimentary, NGW News Alert, Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), Carbon, Corporate, Import/Export, News By Country, Japan

Japanese Firms Form Carbon Neutral LNG Buyers Club

A group of 15 Japanese entities has established the Carbon Neutral LNG (CNL) buyers alliance, one of its members Tokyo Gas said on March 9. 

The alliance comprises Tokyo Gas, Asahi Group Holdings, Isuzu Motors, Olympus Corp, Sakai Chemical Industry Co., Duskin Co., Tamagawa Academy & University, Toshiba Corporation, Toho Titanium Co., New Otani Co., Marunouchi Heat Supply Co., Sumitomo Mitsui Trust Bank, Mitsubishi Estate Co., Yakult Honsha Co. and Lumine Co. 

Tokyo Gas said that the alliance was established with the aim of spreading the use of carbon-neutral LNG and increasing its utility value, in the interests of sustainability. Carbon neutral energy helps companies tackle climate change and improve their environmental, social and governance ratings, it said.

LNG is designated as carbon neutral when its lifecycle emissions are offset with carbon credits, issued to projects that avoid or reduce emissions emitted into the atmosphere. Tokyo Gas began importing carbon-neutral LNG in 2019 and became the first company in Japan to supply it to customers as carbon-neutral city gas.