The Japan Petroleum Exploration Co. Ltd. (JAPEX) and Vietnam’s ITECO JSC have freshly signed a share purchase agreement and a pact on comprehensive cooperation that involves the procurement, storage, and supply of liquefied natural gas (LNG) in Vietnam.
The Japan Petroleum Exploration Co. Ltd. (JAPEX) and Vietnam’s ITECO JSC have freshly signed a share purchase agreement and a pact on comprehensive cooperation that involves the procurement, storage, and supply of liquefied natural gas (LNG) in Vietnam.
Japex exits North Montney shale gas project
May 14, 2021 7:20:am
Summary The company said that it is exiting the Canadian project due to uncertainty caused by the ongoing COVID-19 pandemic.
by: Shardul Sharma
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Japex exits North Montney shale gas project
Japan Petroleum Exploration (Japex) has sold its 10% stake in the North Montney shale gas project in Canada to the operator Petronas, the company said on May 13.
Japex said it was exiting the project due to uncertainty caused by the ongoing COVID-19 pandemic. Japex bought the stake in the project in 2013. All procedures of this sale are expected to be completed by the end of next month.