Jade Gas Holdings Limited (AU:JGH) has released an update.
Jade Gas Holdings Ltd has signed an enhanced Memorandum of Understanding (MOU) with UB Metan to supply gas for a new LNG fueling station and another MOU with Mongolian Mining Corporation for LNG and gas for electricity. These agreements, as part of the March 2024 quarterly activities report, mark significant steps towards the commercialization of Jade’s gas assets and signal a move towards cleaner energy in Mongolia, with the potential to significantly reduce carbon emissions and reliance on diesel fuel imports.
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