LNG

JERA Co. Inc., Japan’s biggest liquefied natural gas importer and utility company, has approved a deal to sell part of its stake in the Freeport LNG export plant in Texas to another Japanese company.

US major ExxonMobil with LNG production stakes in nations like Qatar, Australia, Papua New Guinea and at Golden Pass in Texas has become the latest energy company to quit Russia over the Ukrainian invasion and is expected to take a hit on earnings of up to $4 billion by leaving behind mainly oil interests in the Russian Far East.