Jera to e book $751mn loss associated to Freeport LNG hearth

Japan’s Jera on October 28 stated it might e book a 110bn yen ($751mn) loss within the 12 months to March 31 associated to the affect of the hearth on the Freeport LNG terminal within the US.

Freeport LNG stated in August it had accomplished an in depth evaluation of restart choices within the wake of a June 8 hearth that shuttered the 15mn mt/yr facility in Texas, and now expects an preliminary restart in early to mid-November.

For the April-September interval, Jera, a three way partnership between Tokyo Electrical Energy and Chubu Electrical Energy, reported a internet lack of 131.5bn yen. Jera expects to e book a internet lack of 200bn yen for the complete 12 months because of the losses associated to Freeport LNG.