Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Mitsubishi to Pay $280 Million for Stake in Talisman Leases

Mitsubishi Corp. will pay about $280 million for a stake in nine of Talisman Energy Inc.’s Papua New Guinea onshore natural-gas licenses, with the potential to export the liquefied fuel to Japan.

The joint venture may be capable of exporting 3 million tonnes of liquefied natural gas a year, Calgary-based Talisman said in a statement today. Papua New Guinea is “a vast and under-explored country with huge LNG supply potential within the Asia-Pacific region,” according to the statement.

Talisman will own about 40 percent and Tokyo-based Mitsubishi about 20 percent of the licenses. Holders of the remaining stake weren’t identified.

Talisman, which has licenses to explore about 13.7 million acres in Papua New Guinea, rose 3 percent to C$14.26 at the close in Toronto. Mitsubishi rose 0.6 percent to 1,998 yen at the close in Tokyo.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.