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Japan Inc pulls out of Australia’s first regasification project

JERA and Marubeni have sold out their equity interests in Port Kembla LNG to Australia-based Squadron Energy, which will fly solo for now to develop the project anchored on a leased FSRU. The Australian outfit says it remains committed to bringing the project online by late 2022

JERA and Marubeni remain open to exploring LNG tie-ups with the Port Kembla project, Squadron Energy said. The key project was meant to help alleviate impending gas supply shortages in New South Wales

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