4 billion stake in Australia LNG project
TOKYO (Reuters) Canada Goose Outlet A group of Japanese firms is in talks to pay $4.4 billion for a stake in Australia Wheatstone gas field that had been set aside for bailed out nuclear operator Tepco, as the country looks to shore up long term energy supplies.
Nippon Yusen confirmed on Wednesday it was in talks with Mitsubishi and Tepco to buy a stake in the buy canada goose jacket cheap project, but said no decision had been made. A TEPCO spokesman said talks on Wheatstone stake cheap Canada Goose were ongoing.
resources are a lifeline for Japan and important, so it is very meaningful for us to be involved in the talks, the Nippon Yusen spokesman said.
The companies were looking at paying $4.4 billion for the stake, a canada goose person canadian goose jacket with direct knowledge of the matter Canada Goose online told Reuters. He declined to be named because the negotiations were not public.
Japan government would take uk canada goose part in the canada goose clearance deal through state owned Japan Oil, Gas and Canada Goose Online Metals National Corp (JOGMEC), the Nikkei said, while the Japan Bank for International Cooperation (JBIC) and private banks Canada Goose sale would contribute about $3.3 billion in financing.
State owned JBIC was also lined canada goose uk black friday up to invest $1.1 billion and receive non voting preference canada goose store shares in a special purpose company being set up by the investors, the newspaper goosesale said.
ENERGY SECURITY WORRY Japanese utilities are driving natural gas prices higher as they scour the world for fuel to power thermal plants with all of the nation 50 nuclear reactors shut down uk canada goose outlet amid safety fears following the cheap canada goose uk radiation crisis at Fukushima.
Tepco and Japan other utilities burned 4.56 million tonnes of LNG Canada Goose Coats On Sale gas in April, up 33 percent from a year ago and a record for the month, an industry association said on Wednesday.
Although the long term future of the reactors has canada goose coats on sale not been decided, Japanese leaders have said the country should scale back its reliance on nuclear power, meaning it will need to secure extra supplies of energy from other sources. Chevron plans eventually to expand buy canada goose jacket production at the $29 billion project to Canada Goose Parka 25 million tonnes per annum.
TEPCO has secured rights to canada goose coats purchase 3.1 million tonnes of LNG, and said in 2009 that it planned to take an 11.25 percent equity stake in Wheatstone, which would give it access to about a further 1 million tonnes a year.
is Canada Goose Jackets true that we are in talks with JOGMEC, canada goose black friday sale Mitsubishi Corp and Nippon Yusen on the joint acquisition of a stake in Wheatstone, but we like to refrain from commenting on the details of the canada goose clearance sale canada goose outlet nyc negotiations, a Tepco spokesman said.
A JBIC spokesman said the company had been approached about a possible investment and loan for Wheatstone, while Chevron said talks with Wheatstone customers were ongoing. Mitsubishi confirmed it was in talks canada goose factory sale but declined further comment.
Japan government agreed canada goose uk shop to a 1 trillion yen bailout of Tepco last week. Tepco, which posted an annual loss of almost $10 billion, said canada goose uk outlet in a business reorganization plan submitted to the government that it would invest more in upstream energy projects.
Additional reporting by Sunayan Bhattacherjee, Kentaro Hamada, Risa Maeda and Rebekah Kebede; Writing by Aaron Sheldrick; Editing by Richard Pullin.
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