NEW YORK Tokyo-based energy company Japan Petroleum
Exploration Co. Ltd. (Japex) has agreed to acquire a stake in
two natural gas projects in Canada from Malaysian oil and gas
company Petroliam Nasional Berhad (Petronas) .
The deal includes a 10 percent stake in a natural gas project
in North Montney, British Columbia and a 10 percent stake in
Pacific NorthWest LNGs proposed liquefied natural gas
(LNG) liquefication and export facility on Lelu Island, British
Japex has committed to offtake 1.2 million tonnes per year of
LNG from the latter project which is expected to produce up to
12 million tonnes of LNG per year following startup in 2018.
Japex believes that importing natural gas as LNG from
Canada ... will help diversify Japans LNG import,
contributing to improve energy supply of Japan, the