US supermajors Chevron and ExxonMobil have joined forces with Jera, JGC, Mitsubishi Heavy Industries, Santos and SK E&S, to establish the Asia Natural Gas & Energy Association (ANGEA).
ANGEA, which was launched this week, claims to represent energy producers, buyers, suppliers and companies in the Asia Pacific region and aims to ensure the long-term future of natural gas and other low carbon energy sources in the region’s energy mix.
The newly formed advocacy body will look to partner with governments throughout the Asia Pacific region to advise them as they develop energy policies and solutions that are also in step with a low carbon future.
ANGEA said it would provide advice to help governments meet their national energy needs, achieve global climate goals as established by the Paris Agreement, and encourage investment to support social and economic changes needed for “a stable and consistent energy transition”.
While the group will advise on renewables and energy conservation, ANGEA noted in Tuesday’s launch statement that it recognised natural gas was complementary to new energy solutions and enabling an acceleration of the energy transition in the Asia Pacific region.
“Asia Pacific will be 60% 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,” said ANGEA chairman, and president of Chevron’s Eurasia exploration and production, Nigel Hearne.
“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.”
ANGEA will be overseen by a board comprising senior representatives of the founding members, while other major global and regional companies would also announce their involvement soon.
ANGEA said its members would look to utilise their expertise across the life cycle of the industry from energy development and production to transport, distribution and storage.
The founding members have also agreed to appoint an Eminent Persons Advisory Council — a group of independent and regional experts — to provide ANGEA's board and executive team with "high level expertise" across a range of policy areas.