Nippon Yusen says in talks with Tepco, Mitsubishi on Wheatstone investment
Nippon Yusen, Japan's biggest shipping company, is in talks with Tokyo Electric Power Co and trading house Mitsubishi Corp to buy a stake in Australia's Wheatstone gas project, a Nippon Yusen spokesman said on Wednesday, Reuters reports.
The Japanese government and Japanese companies will jointly buy a 10 percent stake in the gas field in Western Australia for about 350 billion yen ($4.37 billion), the Nikkei business daily reported on Wednesday.