Japan’s aggressive new plan to champion clean energy is shaking up the liquefied natural gas market that it helped pioneer 60 years ago.
Pembina Pipeline Corp. terminated its C$8.5 billion ($6.7 billion) agreement to acquire Inter Pipeline Ltd. after Brookfield Infrastructure Partners LP raised its hostile bid for the Canadian energy company.
China has begun building a $1 billion natural gas import and storage base in the southern coastal province of Guangdong, reported Reuters. Meanwhile, U.S. energy major ExxonMobil is advancing discussion with partners for a joint investment in the project.
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