Bloomberg News

Gazprom Meets Tepco, Mitsui on Gas Supply, Electricity Projects

October 28, 2011

Oct. 28 (Bloomberg) -- OAO Gazprom, the world’s biggest natural-gas supplier, held talks with Tokyo Electric Power Co. and Japan’s two largest trading houses on fuel supply and the Russian company’s participation in Japanese power projects.

Gazprom Deputy Chief Executive Officer Alexander Medvedev met with officials of Tepco, as the utility is known, and of Mitsubishi Corp. and Mitsui & Co. in Tokyo, the Moscow-based company said in a statement on its website yesterday.

Russia supplied an additional 325,000 metric tons of LNG to Japan to cover nuclear power capacity idled since an accident at Tepco’s Fukushima Dai-Ichi station in March, Medvedev said on Sept. 27. The utility, which is applying for government funds to stave off bankruptcy, at the same time needs to build gas-fired plants to upgrade aging facilities.

Mitsubishi and Mitsui are partners with Gazprom in the Sakhalin-II project in Far East Russia, the country’s first and only plant for making liquefied natural gas.

--Editors: Ryan Woo, John Chacko.

To contact the reporter on this story: Yuriy Humber in Tokyo at yhumber@bloomberg.net

To contact the editor responsible for this story: Rebecca Keenan at rkeenan5@bloomberg.net.


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus