Commercialisation of Canadian LNG project suspended
Published by David Rowlands,
Editor
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
Read the article online at: https://www.lngindustry.com/regasification/10052016/commercialisation-of-canadian-lng-project-suspended-2415/
You might also like
IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty
Sluggish demand growth for LNG, combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis.