Major trader Mitsui & Co. officially announced Saturday that it and government-linked Japan Oil, Gas and Metals National Corp. (JOGMEC) will jointly invest in a planned Russian-led liquefied natural gas project in the Arctic Ocean along the Russian coast. Tokyo has voiced its expectation for ...
Mitsui & Co. to invest up to around $2.5 billion in LNG project in Mozambique
Mitsui & Co. said Wednesday it has made a final decision to invest in a liquefied natural gas project in Mozambique. The project entails the extraction of natural gas from a large-scale gas field off the coast of the southern African country. The gas will ...
Inpex inks $20 billion deal on Abadi LNG project, the largest investment ever in Indonesia
Japan's Inpex Corp. reached a new deal with Indonesia on the $20 billion Abadi liquefied natural gas project, a key step toward reviving work on the long-stalled venture that's expected to be the biggest-ever investment in the Southeast Asian nation. A heads of agreement between ...
Papua New Guinea leader Peter O'Neill resigns, throwing international gas deal into doubt
Papua New Guinea's veteran prime minister formally resigned on Wednesday, easing a political crisis but calling a multibillion-dollar French and U.S.-backed gas deal into doubt. Facing a vote of no confidence he looked sure to lose, Peter O'Neill told parliament that he had tendered his ...
Indonesia and Inpex reach deal on Masela gas block's development
The Indonesian government has reached a deal with Japan's biggest oil and gas developer, Inpex Corp., on the framework for a $20 billion development plan for an onshore liquefied natural gas facility. An agreement is expected to be signed on the sidelines of the ...
Forecast of a cooler summer in Asia may add to expected LNG glut
Don't count on a summer heat wave to rescue Asia's liquefied natural gas prices. Weather forecasts signal lackluster demand in the largest importing region, raising prospects a global glut will deepen. Temperatures across North Asia this summer will be cooler than a year ago, according ...
LNG production begins in U.S. project financed by Mitsui, Mitsubishi and others
Production of liquefied natural gas began Tuesday at U.S. facilities under a project financed by investment from major Japanese trading houses Mitsui & Co. and Mitsubishi Corp. Visiting the facilities in the southern state of Louisiana the same day, U.S. President Donald Trump stressed his ...
Major engineering firm Chiyoda announces ¥180 billion bailout from Mitsubishi and MUFG Bank
Chiyoda Corp., one of the world's leading builders of liquefied natural gas plants, said Thursday it will receive a total of ¥180 billion from trading house Mitsubishi Corp. and MUFG Bank to turn around its finances. Under a reconstruction plan, Chiyoda will get a capital ...
Japan's Chiyoda Corp. reportedly to get ¥150 billion bailout from Mitsubishi and MUFG Bank
Embattled plant engineering firm Chiyoda Corp. is expected to receive financial aid valued at up to about ¥150 billion from its top shareholder, Mitsubishi Corp., together with MUFG Bank, it was learned Tuesday. The aid will potentially include loans and a capital increase through third-party ...
Jera eyes role as global renewable leader but says coal will still play role in Japan's energy mix
With the integration of existing thermal power plants of its parents Tokyo Electric Power Company Holdings Inc. and Chubu Electric Power Co. completed on April 1, Jera Co. has completed the last step of unifying the full value chain from upstream fuel and power ...
China's ENN Ecological pulls out of plan to buy Toshiba's LNG business in U.S.
Chinese chemicals maker ENN Ecological Holdings Co. is scrapping a plan to buy Toshiba Corp.'s liquefied natural gas operations in the United States, the Japanese firm has said. The Chinese company notified Toshiba of its decision, citing "considerable uncertainty" partly caused by the delayed completion ...
LNG in focus as energy giants Chubu Electric and Tepco deepen ties with Jera venture
As Chubu Electric Power Co. and a unit of Tokyo Electric Power Company Holdings Inc. complete the integration of their thermal power businesses Monday under joint venture Jera Co., the growing potential of LNG at home and abroad has received renewed attention. The joint venture ...
