LNG

Japan Petroleum Exploration Co. (Japex), the LNG importer involved in domestic Japanese oil and gas projects and with stakes overseas in nations such as Iraq, Indonesia and the UK, reported a drop in profits as global prices weakened.

Reliance Industries, the Indian conglomerate and a leading oil, natural gas and chemicals company supplying rising gas volumes to supplement LNG imports, reported a jump in earnings from energy exploration and production amid higher gas prices for more Bay of Bengal volumes.