Tepco to Buy U.S. LNG From Mitsui, Mitsubishi to Cut Fuel Costs
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Tokyo Electric Power Co., Japan’s biggest consumer of liquefied natural gas, plans to buy the fuel from the Cameron project in the U.S. through Mitsui & Co. and Mitsubishi Corp. to reduce its energy costs.
The company known as Tepco plans to buy at least 400,000 tons a year of LNG each from Mitsui and Mitsubishi at U.S. Henry Hub linked prices for 20 years from 2017, it said in a statement.