April 11 (LNGJ) - Tokyo Electric Power Co., Japan's biggest LNG buyer, now has the Tokyo Metropolitan Government as its principal shareholder after Dai-ichi Life Insurance and Nippon Life Insurance slashed their shareholdings, the daily Nikkei reported. Tepco's Fukushima nuclear plant blew up in the March 2011 disaster and the company is struggling to recover with corporate restructuring. Among Tepco's LNG assets are its long-term supply contracts with the world's main producers.
Tokyo City has LNG stake
Written by John McKay
Wednesday, 11 April 2012
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Last modified on Wednesday, 11 April 2012 06:29
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