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Japan: Plans for a mega utility merger announced

By  |  March 8, 2015

Tokyo Electric Power (Tepco) and Chubu Electric Power plan a joint venture from April that would gradually include fuel procurement, investment in gas assets and a potential union of their fossil fuel power plants.

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    The combination of two Japanese utilities to form the world’s biggest liquefied natural gas importer will give Asian buyers greater muscle to press producers for more flexible contracts and potentially deepen a new era of weaker prices reported Reuters.

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