Santos, JBIC sign MoU on energy security, decarbonisation

Santos and the Japan Bank for International Cooperation (JBIC) have signed a memorandum of understanding (MoU) to promote energy security and decarbonisation, the Australian company said on October 5.

"Given the current global pressures, this partnership aims to further strengthen Japan's energy supply security, particularly focussing on its existing LNG business and Japan's clean fuel targets,” Santos CEO Kevin Gallagher said.

"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.,” he added.

Santos said JBIC is re-opening its representative office in Sydney.