JapanToday is reporting:
The operator of Japan’s crippled Fukushima nuclear power plant said Wednesday it plans to buy 800,000 tons of light liquefied natural gas (LNG) annually from the United States as it looks to cut its fuel bills.
Tokyo Electric Power (TEPCO) said it had agreed to buy 400,000 tons a year from Mitsui & Co trading house, and was in final talks with Mitsubishi Corp trading firm for the same amount. Both will come from the U.S. Cameron liquefaction project to be operated in Louisiana.
The power company says it wants the LNG every year for two decades, starting 2017, and has already secured a further 1.2 million tons of light LNG, mainly from North America.Just the beginning.
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