LNG

Jan 23 (LNGJ) - Tokyo Electric Power Co., the largest user of LNG in Japan, is considering selling its first corporate bonds since March 2011, just before the Fukushima earthquake and tsunami overwhelmed one of its nuclear plants, causing death and destruction and a financial crisis for the company. The bonds are expected to be offered by a subsidiary, Tepco Power Grid. After the Fukushima disaster, Japanese LNG imports rose as gas-fired generation replaced nuclear and Tepco formed an LNG procurement joint venture with another LNG buyer Chubu Electric called Jera Co. Inc.