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Project Insights

Japanese companies band together to test methane hydrates

A group of 11 Japanese companies have formed a joint venture to conduct production tests of offshore methane hydrates – an unconventional resource seen as a potential game changer for the world’s largest LNG importer.
By Sara Stefanini 2 October 2014 Asia Pacific / Exploration & Production 0 13807

A group of 11 Japanese companies have formed a joint venture to conduct production tests of offshore methane hydrates – an unconventional resource seen as a potential game changer for the world’s largest LNG importer. 

Led by Japan Petroleum Exploration (Japex) and starting with a capital contribution of ¥300 million ($2.8 million), Japan Methane Hydrate Operating Co. (JMH) will provide contractor services and carry out field operations during the medium- and long-term production tests sponsored by the government. 

The JV partners will each share their expertise and...