LNG

Japan Petroleum Exploration Co., the oil and gas operator with liquefied natural gas import terminal and Japanese pipelines assets, has agreed to cut losses and sell its stake to Malaysia’s Petronas in the Canadian North Montney shale-gas joint venture.

Japanese natural gas utility and supplier Shizuoka Gas Co. has signed an agreement with China Clean Energy to deliver LNG volumes in ISO container tanks from its Shimizu import terminal in western Japan in the first North Asian small-scale, export-import deal.