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Commercialisation of Canadian LNG project suspended

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LNG Industry,

According to Reuters, Idemitsu Kosan Co. – a Japanese oil refiner – has claimed that its joint venture (JV) project with AltaGas would suspend the commercialisation of a Canadian LNG project.

Reuters claims that both parties were undertaking a feasibility study, examining the possibility of exporting LNG cargoes to Asia.

Reportedly, commercialisation has been suspended due to the current low prices of energy.

Edited from various sources by David Rowlands

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