Japan's JX Holdings to prioritize E&P, LNG

摘要

Tokyo-Japan's JX Holdings intends to prioritize its upstream and LNG businesses as part of its mid-term business strategy to offset declines in domestic oil demand, Chairman Shinji Nishio told reporters February 16. Nishio's comment comes as upstream arm JX Nippon Oil & Gas Exploration, which produces 152,000 b/d of oil equivalent in 15 countries, plans to raise output to 200,000 boe/d by the fiscal year ending March 2021.