Japex seeks no more alternative LNG cargoes for October-March, raises JKM forecast
Japan Petroleum Exploration Co. Ltd. is no longer seeking alternative spot LNG cargoes for the October-March period amid the suspension of term supply from the Middle East, as the company raised its JKM price forecast for the period, Yutaka Nishimura, executive officer in charge of finance and accounting, said Nov. 12. Japex has already secured ...
Japan Petroleum Exploration Co. Ltd. (Japex) has decided against seeking any additional alternative LNG cargoes for the October-March period, following the suspension of term supply from the Middle East. The company's executive officer in charge of finance and accounting, Yutaka Nishimura, announced this on November 12, raising the JKM price forecast for the period to $25/MMBtu for the October-December quarter and $20/MMBtu for January-March, up from previous estimates.
Japex has secured two spot LNG cargoes for the April-September period and one more for the October-March period, with no further replacements planned for the fiscal year.
Brief written by urgent.news from Hellenic Shipping News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
