Japan’s Tokyo Electric Power Company interested in buying natural gas in Mozambique

20 February 2013

Japanese company Tokyo Electric Power Company (Tepco) may join Tokyo Gas in buying natural gas from the project headed up by US group Anadarko Petroleum in Mozambique, a senior official at the company said Tuesday in Tokyo.

Speaking to commodities news agency Platts, Toshiaki Koizumi, director of the Tepco fuel department, said that the company may partner Tokyo Gas in the acquisition of 10 million metres of cubic gas per year in order to reduce costs.

“We are partnering Tokyo Gas to import liquid natural gas from Alaska,” said Toshiaki Koizumi, adding that it was possible the two companies would partner each other to buy gas produced in Mozambique.

Tepco officials have also been meeting with Japan’s Mitsui, a partner of Anadarko Petroleum in Area 1 of the Rovuma basin in Mozambique, with a view to acquire dry liquid natural gas.

Tepco currently imports 1.2 million cubic metres of natural gas, of which 1 million cubic metres come from Qatar as part of a short term contract. (macauhub)