Japanese LNG importer JERA sells part of stake in US Freeport plant for $380M to another player in Japan
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.
Japan Petroleum Exploration reports solid earnings from assets such as LNG import terminals and Iraqi oil
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.
Japan Petroleum Exploration plans $500M US shale investments while boosting Asian and domestic LNG
Japan Petroleum Exploration (Japex), which operates the main LNG import terminal in Japan’s Fukushima Prefecture and has a stake in an LNG receiving terminal in the Vietnamese port city of Haiphong, said it was also planning to expand its shale oil and gas interests in the US.
Soma LNG shuts
March 17 (LNGJ) - Japan Petroleum Exploration Co. (Japex) said it suspended operations at its Soma LNG terminal after an earthquake the previous day off the coast of Fukushima Prefecture. “There has been no damage to the surrounding area, such as gas leakage from the terminal,” stated Japex. The terminal receives and stores LNG from overseas and regasified cargoes serve a nearby power plant, or can be distributed along the coast or loaded onto trucks.
“Due to the suspension of supply operations immediately after the earthquake, boil-off gas, the vaporized gas from LNG stored in the LNG storage tanks, is being burned as a measure to release the gas safely. By taking these measures, flames are being emitted from the flare stack, but there are no safety issues at the terminal or the surrounding area,” explained the company.
Japanese gas-fired power plant and Soma LNG terminal open new chapter for disaster-hit Fukushima
A group of Japanese utilities and energy companies will be receiving more liquefied natural gas volumes for the Soma LNG terminal after the new Fukushima Natural Gas Power Plant started to generate electricity at full capacity from its two units in the prefecture where the nuclear plant exploded during an earthquake and tsunami in 2011.
Newest Japanese LNG terminal near Fukushima disaster zone begins commercial operations
Japan Petroleum Exploration Co. (Japex) said it began commercial operations at Japan’s newest LNG import terminal at Soma Port, located in Fukushima Prefecture in eastern Japan, near where the nuclear disaster happened seven years ago this month.
