Through this agreement, Sakata Natural Gas will purchase carbon neutral LNG from INPEX and convert the LNG utilised by its head office and facilities to carbon neutral LNG.
Since China established the targets of carbon peaking by 2030 and carbon neutralisation by 2060 (hereinafter referred to as the "dual carbon target"), domestic local governments have gradually increased the dual control policies on energy consumption. The imbalance between supply and demand of commodities caused by power rationing has drove up the prices and manufacturing costs rapidly.