SINGAPORE – 5 October 2021 – The world’s leading energy companies are banding together to help nations in Asia achieve low emissions targets as economies transition to a lower-carbon energy future.
The Asia Natural Gas and Energy Association (ANGEA) will advise governments as they develop energy policies and solutions, including renewables and energy conservation, to meet their national needs, achieve global climate goals as established by the Paris Agreement, and encourage investment to support social and economic changes vital for a stable, consistent and affordable transition.
Supported by foundation members Chevron, ExxonMobil, JERA, JGC Corp., Mitsubishi Heavy Industries, Santos and SK E&S, with other major global and regional companies soon to announce their involvement, ANGEA members will harness their expertise across the life cycle of the industry from energy development and production to transport, distribution and storage.
ANGEA Chairman and President Eurasia Pacific Exploration and Production at Chevron, Mr. Nigel Hearne, said: “ANGEA represents a committed purpose by energy companies operating in the region to partner with Governments and industry to achieve a lower carbon energy future.
“The energy industry plays a critical role in the long-term development of low-carbon energy policies and solutions while supporting economic and social needs that come with such fundamental change.
“Asia Pacific will be 60 percent of the world’s economic growth by 2030. This will require nations to meet a significant increase in energy demand, while simultaneously switching to renewable and lower-carbon energy sources to meet energy security needs.”
ANGEA recognizes that natural gas is complementary to new energy solutions, which together enable and accelerate energy transition in nations across the region. As countries increasingly move to newer and renewable forms of energy, ANGEA will examine how a combination of energy sources can support national policy objectives.
“Effective policies, investment and regulations will be vital not only to integrate these multiple energy sources effectively, but to deliver energy efficiency improvements while transforming economies to reflect new energy, economic and environmental challenges,” Mr. Hearne said.
ANGEA was established at a critical time for policy decisions, throughout the Asia Pacific region, where private sector expertise can meaningfully contribute to public interests by helping governments achieve critical energy and environmental goals.
ANGEA will mark its official launch during the 10th Annual LNG Producer Consumer Conference on 5 October 2021.