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Tepco affiliate in talks over stake in Petronas LNG assets

( May 31, 2016, 10:13 GMT | Insight) -- An affiliate of Tokyo Electric Power Co is in discussions to acquire a stake in the liquefied natural gas assets of Malaysian fossil fuels giant Petronas for an estimated $200 million, the Wall Street Journal reports. An affiliate of Tokyo Electric Power Co is in discussions to acquire a stake in the liquefied natural gas assets of Malaysian fossil fuels giant Petronas for an estimated $200 million, the Wall Street Journal reports. The report said the deal to buy Petronas’s LNG assets the state of Sarawak could be signed as soon as June. The transaction would take place between Petronas and Jera Co Inc, a joint venture established by Tepco and Chubu Electric Power Co last year to buy fossil fuels. ...

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