TOKYO, July 26 (Reuters) - Japan Petroleum Exploration Co (Japex) 1662.T said on Wednesday it would take a loss of about C$102 million ($82 million) in the year to end-March due to the scrapping of a liquefied natural gas (LNG) project in western Canada.
Consortium leader Malaysian state-owned Petronas said on Tuesday it will not proceed with the proposed C$36 billion ($29 billion) Pacific NorthWest LNG Project in British Columbia due to weak global prices, dealing a blow to Canada's ambitions to become a global LNG player. which has a 10 percent interest in the project, said it would give an earnings forecast for the current business year when it releases its first-quarter results on Aug. 8.
($1 = 1.2507 Canadian dollars)