Japex to take $82 million loss on Canada LNG project
Published by Joseph Green,
Editor
LNG Industry,
Reuters are reporting that Japan Petroleum Exploration Company (Japex) has announced that it would take a loss of about C$102 million (US$82 million) in the year to end-March due to the scrapping of a LNG project in western Canada.
Japex, which has a 10% interest in the project, said it would give an earnings forecast for the current business year when it releases its first-quarter results on 8 August.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/27072017/japex-to-take-82-million-loss-on-canada-lng-project/
You might also like
Rystad: Future of Russian LNG industry on the rocks as sanctions impact takes hold
Russia’s gas and LNG industries have suffered from sanctions imposed by Western countries in the wake of Russia’s invasion of Ukraine due to limited pipeline infrastructure and reliance on Western companies, reports Rystad Energy.