LNG deal

Published April 12, 2012

TOKYO, April 12: Japan’s Mitsubishi said on Thursday it was in talks with Royal Dutch Shell as well as a Chinese and a South Korean firm to produce liquefied natural gas (LNG) in Canada.

The deal, reportedly worth more than $12.0 billion, would see the four companies including China National Petroleum and Korea Gas build an LNG terminal in the western province of British Columbia.

“It is true that talks are being held among the four companies although we are not at the stage of announcing details,” a Mitsubishi spokesman told AFP.

The facility would produce about 12 million tons of the gas annually amid surging demand for the commodity across Asia, the Nikkei business daily reported on Thursday.

Japan, which has few natural resources, and South Korea are the world’s top LNG importers, accounting for nearly half of all imports.—AFP

Opinion

Editorial

Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...
New terror wave
Updated 27 Mar, 2024

New terror wave

The time has come for decisive government action against militancy.
Development costs
27 Mar, 2024

Development costs

A HEFTY escalation of 30pc in the cost of ongoing federal development schemes is one of the many decisions where the...
Aitchison controversy
Updated 27 Mar, 2024

Aitchison controversy

It is hoped that higher authorities realise that politics and nepotism have no place in schools.