JAPEX Announces Withdrawal from Shale Gas Project in Canada

摘要

JAPEX has announced it has decided to withdraw from a shale gas development project in the North Montney area in Canada that the company is involved in through its subsidiary. The company has been working to optimize the project and maximize the value even after an LNG project was canceled but has concluded it would be hard to early improve its profitability in the midst of worsening business conditions surrounding the project.