LNG

Osaka Gas, the Japanese utility and LNG importer, has reached an agreement with trading house and LNG sector participant Marubeni Corp. and Peru LNG for a feasibility study on the production of synthetic methane (syngas) in the South American nation.

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.