Brunei to supply LNG to JAPEX from April -Nikkei

Japan Petroleum Exploration Co

26/01/2023 09:36

TOKYO, Jan 26 (Reuters) - Brunei will supply liquefied
natural gas (LNG) to Japan Petroleum Exploration Co Ltd  1662.T 
(JAPEX) from April as the country aims to expand trading with
Japan, its biggest LNG importer, to stabilise its revenue, the
Nikkei business daily said on Thursday.
    Farida Talib, Chief Executive Officer of Brunei LNG, the
country's solo producer of LNG, told the Nikkei about a new
contract with JAPEX, the paper said.
    A spokesperson of JAPEX confirmed that the Japanese energy
company has a contract with Brunei LNG, but declined to discuss
further details.
    Brunei LNG is 50% owned by the government of Brunei, while
the rest is equally owned by Japan's Mitsubishi Corp  8058.T 
and Shell  SHEL.L .
    Brunei is Japan's sixth biggest supplier of the
super-chilled fuel, accounting for 5.8% in 2021. Japanese buyers
include Tokyo Gas Co Ltd  9531.T  , Osaka Gas Co Ltd  9532.T 
and JERA.
    "We will continue to scrutinize whether there are any
mutually beneficial contract opportunities," the Nikkei quoted
Talib as saying, underlining an interest to strike deals with
Japanese companies other than JAPEX.
        Brunei LNG did not immediately respond to a request for
comment.
 (Reporting by Yuka Obayashi and Emily Chow
Editing by Tomasz Janowski)
 ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;))