Jade Gas (ASX: $JGH) enhances partnership with UB Metan for LNG supply

Jade Gas Holdings Limited (ASX: $JGH) has enhanced and extended its Memorandum of Understanding (MOU) with UB Metan LLC (UBM), its strategic shareholder and the largest distributor of gas in Mongolia, to focus on supplying gas to UBM's newly built LNG fuelling station, which will provide a new domestic source of energy in the South Gobi region, progressively displacing diesel.

Executive Commentary on Enhanced MOU

We are clearly seeing a shift in the demand for cleaner sources of energy with gas becoming a high priority in the diesel dominated South Gobi region. Jade's gas assets are on the doorstep of this demand, so it is logical that we now enhance discussions with existing partners like UBM, already well advanced in retailing LNG in Mongolia, to establish a commercial pathway for our gas and sell it into the local markets on a mass scale. Displacing diesel in the region is a significant opportunity, not only for Jade, but for our partners and the government to support their ESG related emissions reduction goals. In parallel, Jade also represents a strategic new domestic and secure energy supply that is connected to real markets.

Summary of Enhanced MOU and Future Outlook

Jade Gas Holdings Limited (ASX: $JGH) has strengthened its partnership with UB Metan LLC to supply gas to UBM's newly built LNG fuelling station in the South Gobi region, aiming to progressively displace diesel with LNG. The enhanced MOU provides a visible path forward for Jade to potentially commercialize its gas assets, supporting the company's ambitions for cleaner emissions and contributing to environmental, social, and governance (ESG) goals. The strategic location of the LNG fuelling station and the partnership with UBM demonstrate Jade's commitment to providing a reliable and cleaner energy supply, aligning with Mongolia's energy transition priorities. The company's strategy to develop gas projects and participate in heavy vehicle transport and power sectors reflects its goal to improve energy independence, support future energy demand growth, and decarbonize the economy with cleaner fuel sources, ultimately benefiting the people and country of Mongolia.