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Tokyo Gas, Project Canary Team Up to Certify Haynesville Natural Gas - Natural Gas Intelligence
Natural gas buyers around the world are pressuring suppliers to lower their carbon footprints. Certification and production of what is sometimes called “Responsibly Sourced Gas” (RSG) has recently emerged as a popular solution.
MOTIVATION FOR PRODUCERS & EXPORTES
Natural gas certification pilot is set to begin this month at Tokyo Gas Ltd.’s properties in the Haynesville Shale of Texas and Louisiana as part of an agreement with Project Canary. Tokyo Gas operates more than 315,400 net acres in East Texas and North Louisiana with access to the Cotton Valley formation as well as the Haynesville. It also owns 130,000 net acres in the Barnett Shale of North Texas and another 34,000 net acres in the Eagle Ford Shale of South TexasVisible Change.
"The capabilities provided by Project Canary will take our environmental performance to the next level,” said Jarchow the CEO of Tokyo gas. “We and our investors strive for best-in-class environmental performance and Project Canary’s innovative, comprehensive approach makes them the right fit to help us produce results.”
LOW CARBON EMISSIONS CERTIFICATIONS - A DIFFERENTIATED MARKET
- A differentiated market for responsibly sourced natural gas has finally arrived in US.
- Other heavy hitters have recently joined in on the natural gas certification game, including supermajor ExxonMobil, natural gas giant EQT Corp. and the Tallgrass Energy LP-owned Rockies Express Pipeline.
- US LNG companies are also joining certification game and the differentiated market. Earlier this year, Cheniere Energy Inc. announced its intention to provide emissions certificates for each of its cargoes starting next year.
POINT TO PONDER
Natural gas is needed to address climate change globally and certified natural gas is the solution to ensuring that U.S. gas plays a primary role in the global energy transition.
Tokyo Gas, Project Canary Team Up to Certify Haynesville Natural Gas - Natural Gas Intelligence
A natural gas certification pilot is set to begin this month at Tokyo Gas Ltd.’s properties in the Haynesville Shale of Texas and Louisiana as part of an
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