LNG

Feb 20 (LNGJ) - Tokyo Electric Power Co. and Chubu Electric, whose LNG procurement joint venture Jera Co. Inc. is the largest global buyer, are holding talks about integrating their thermal power generation businesses in fiscal 2018. Tepco and Chubu launched Jera for joint LNG procurement, though stopped short of amalgamating their thermal power assets because of concerns from Chubu that funds could be diverted to the clean-up of the disaster-hit Fukushima nuclear plant, owned by Tepco. However, Tepco recently compiled a draft business plan on the power businesses that convinced Chubu that no joint funds could be diverted.