Japan’s TEPCO getting ready for shale gas imports from US


TOKYO — Tokyo Electric Power Co., operator of the devastated Fukushima Dai-ichi nuclear power plant, plans to buy liquefied natural gas from the LNG terminal in Cameron Parish, Louisiana, raising expectations Japan will tap into the U.S. shale gas boom.

TEPCO plans to buy 400,000 tons of LNG a year, for 20 years beginning in 2017, from the Cameron project through trading house Mitsui & Co. It expects a similar deal with Mitsubishi Corp. and other deals that would boost its imports by 1.2 million tons a year.