Japanese JV Inks Vietnam Gas Deal
Mar 11, 2021 3:32:am
Summary
A joint venture between Japan’s Sojitz Corporation and Osaka Gas will supply gas to Acecook Vietnam Joint Stock Company’s food plants.
by: Shardul Sharma
Japanese JV Inks Vietnam Gas Deal
A joint venture between Japan’s Sojitz Corporation and Osaka Gas on March 4 signed a gas supply agreement in Vietnam, Osaka Gas said on March 10.
Sojitz Osaka Gas Energy Company (Sogec) will supply gas to Acecook Vietnam Joint Stock Company’s food plants. This is the first time that the joint venture will be supplying natural gas to an individual business, Osaka Gas said. This natural gas supply business will be subsidised by Japan’s Joint Crediting Mechanism (JCM) scheme. JCM model projects utilise low-carbon and decarbonisation technologies to lower green house gas emissions in developing countries.