PERTH (miningweekly.com) – Oil and gas major Santos has inked a memorandum of understanding (MoU) with the Japan Bank for International Cooperation (JBIC) to promote the securing of stable energy and the progression of decarbonisation goals.
Santos MD and CEO Kevin Gallagher said on Wednesday that the MoU built on the long history of collaboration between JBIC and Santos.
“Santos and JBIC have been working together for decades and this MoU further bolsters those ties with a particular focus on energy security and decarbonisation projects.
“Given the current global pressures, this partnership aims to further strengthen Japan’s energy supply security, particularly focussing on its existing liquefied natural gas (LNG) business and Japan’s clean fuel targets.
“We will also explore the establishment of clean fuel supply chains, investment and business opportunities for Japanese companies in decarbonisation projects in Australia and the Indo-Pacific region including carbon capture and storage hubs and infrastructure investment and social capital opportunities in the Indo-Pacific.”