LNG

JERA Co. Inc., the largest Japanese LNG buyer and power asset holder, said it would invest in the Barossa natural gas field offshore northwest Australia to underpin production at the Darwin LNG export plant.

Gunvor, the growing liquefied natural gas market participants and one of the world’s biggest independent energy traders, has reportedly cut derivative trading positions after the natural gas prices surge triggered margin calls from brokerages and exchanges.

Mitsui OSK Lines, the Japanese shipping firm, has completed liquefied natural gas bunkering trials at the Port of Kobe as the company aims to help bring cleaner LNG to shipping in Japan and elsewhere.