Idemitsu Kosan establishes 50-50 partnership with AltaGas for exporting LNG and LPG
Clients Idemitsu Kosan Co., Ltd.
Jones Day represented Idemitsu Kosan in connection with the establishment of a 50-50 partnership with Canada's AltaGas Ltd. to export liquefied natural gas and liquefied petroleum gas from Canada to Asia. The companies will begin feasibility studies for the construction and development of a gas liquefaction facility in Canada. Subject to consultations with First Nations, and the completion of the feasibility study, permitting, regulatory approvals and facility construction, the proposed LPG export business could begin as early as 2016, with LNG exports beginning as early as 2017.