JX Energy Ltd. Announces Plans to Hedge Over 50% of 2026 Natural Gas Production and Develop New 4.7MW Power Project
Reuters
Nov 06, 2025
JX <a href="https://laohu8.com/S/92E.AU">Energy Ltd</a>. Announces Plans to Hedge Over 50% of 2026 <a href="https://laohu8.com/S/NGS">Natural Gas</a> Production and Develop New 4.7MW Power Project
JX Energy Ltd. has announced new short-term cashflow enhancement strategies and the approval of a 4.7MW natural gas power project. The company plans to hedge more than 50% of its 2026 natural gas production at prices above C$3.00/GJ, with approximately 40% of its 2026 production capacity already hedged at an average price of C$3.06/GJ. In addition, JX Energy will proceed with the development of a 4.7MW natural gas power project, which will consist of five 0.94MW power generation units located at existing well sites and the Jixing Energy (Canada) site. Upon completion, the project will allow the company to generate electricity for external sale, aiming to enhance the overall value of its natural gas production. The company is also considering equity financing, including the potential issuance of new shares, subject to further board and regulatory approvals.
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