Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Masdar, 3 firms sign agreement

The agreement is aimed at establishing e-methane supply chain from UAE to Japan. (Inpex)
  • Masdar tweeted that this partnership will contribute to both nations’ shared goal of achieving carbon neutrality by 2050.
  • E-methane is synthetic methane produced from carbon dioxide (CO2) and green hydrogen.

Dubai, UAE — Masdar said Tuesday it has partnered with Inpex and Japan’s city gas suppliers and LNG importers Tokyo Gas and Osaka Gas to establish an e-methane supply chain from the UAE to Japan.

Masdar tweeted that this partnership will contribute to both nations’ shared goal of achieving carbon neutrality by 2050.

The four firms have signed a collaboration agreement to conduct a joint feasibility study on e-methane production in Abu Dhabi in the UAE, they said in a joint statement.

Masdar and Ichthys LNG operator Inpex have been conducting a joint study to produce e-methane utilizing renewable energy in Abu Dhabi based on an agreement signed in July 2023, LNG Prime reported.

E-methane is synthetic methane produced from carbon dioxide (CO2) and green hydrogen. Tokyo Gas and Osaka Gas have newly joined this initiative, and through it plan to offtake e-methane in volumes equivalent to 1 percent of each company’s annual city gas demand, LNG Prime said.

The two firms are aiming to introduce e-methane to cover 1 percent of their respective annual city gas demand by 2030 and further increase the introduction volume from the total of their worldwide projects toward 2050, the statement said.