TEPCO to join Bayu Undan's project

TEPCO to join Bayu Undan's project

TOKYO: Tokyo Electric Power Co., or TEPCO, and Tokyo Gas Co. will join Phillips Petroleum Co.'s Bayu-Udan liquefied natural gas project in the Timor Sea, an industry source said Tuesday.

The two Japanese companies said they will hold a news briefing at 0730 GMT (2.30 p.m. Jakarta time) about their joint participation in an LNG project in Australia and joint purchase of LNG from that project.

A TEPCO spokesman declined to elaborate. -Dow Jones