Japan's Mitsubishi Corp. intends to purchase interest in Talisman Energy's Papua New Guinea gas reserves for US$280 million, The Wall Street Journal reported Feb. 22. "Talisman and Mitsubishi have agreed to work together closely to aggregate natural gas in the Western Province of Papua New Guinea with a view to potential LNG export of approximately 3 million metric tons per annum," Talisman said in a statement.
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