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  • JAPEX and PETRONAS Applied for LNG Export License to Canadian government authorities
    édité le 09/07/2013 - Plus de news de "Japex" - Voir la fiche entreprise de "Japex"

JAPEX and PETRONAS Applied for LNG Export License to Canadian government authorities
Japan Petroleum Exploration Co., Ltd. (“JAPEX”) previously announced in our news release on April 29, 2013 that it had completed the necessary procedures for the participation in the project with Petroliam Nasional Berhad (“PETRONAS”) in a natural gas development and production project in British Columbia, Canada and a planned LNG project on the western coast of the same province, both of which are undertaken by PETRONAS through Progress Energy Canada Ltd and its subsidiaries.

Today, JAPEX is pleased to announce that JAPEX and PETRONAS through their subsidiary applied to Canada’s National Energy Board (“NEB”) for a license to export LNG.

This filling on July 5, 2013 is for a license to export up to 19.68 million tonnes of LNG per year from the proposed LNG export facility in Port Edward, British Columbia for 25 years beginning in 2019.

JAPEX had acquired a 10% interest of the natural gas blocks in North Montney, British Columbia through our Canadian subsidiary, JAPEX Montney Ltd. as well as 10% interest of Pacific NorthWest LNG Project which is under contemplation located on Lelu Island within the District of Port Edward on land administered by the Port of Prince Rupert (estimated LNG production volume: 12MMtonnes/y), including a commitment to offtake 1.2MMtonnes/y of LNG which is equivalent to the 10% interest.

In order to ensure stability and efficiency of project execution, all partners have a consistent equity interest in the integrated steering framework, from the development of gas, through production and liquefaction, to the offtake of LNG.

With participation in this LNG project, JAPEX will be able to secure long-term natural gas import from Canada into Japan. JAPEX will further put a continuous effort to develop domestic natural gas infrastructures for a solid supply system, including planned Soma LNG receiving terminal and related pipeline project, as per November 30, 2012 news release.

About Japex
Japan Petroleum Exploration Co., Ltd. (JAPEX) is engaged in oil and natural gas exploration and production (E&P) activities both in Japan and overseas. Its main operating areas are Hokkaido, Akita, Yamagata and Niigata in Japan. Overseas, JAPEX is active in Canada, Indonesia, Iraq and other regions where it has offshore interests. JAPEX was founded in December 1955 as a special-purpose company through a government initiative and has continued to explore and produce oil and natural gas in Japan while expanding its activities overseas. Between 1967 and 1970, JAPEX was incorporated into the Japan Petroleum Development Corporation (JPDC) as its E&P operating body. Thereafter, JAPEX was separated and re-established as a private-sector company under the former Commercial Code in April 1970. JAPEX listed on the First Section of the Tokyo Stock Exchange in December 2003.

See the site of Pacific NorthWest LNG project

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