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Talisman Energy, Mitsubishi in Papua New Guinea JV

Reuters
9:34 AM, E.T. | February 22, 2012
Energy & Resources
Tags: Talisman Energy
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Talisman Energy Inc. (TLM-T) said it reached a near $280 million deal with Mitsubishi Corp., giving the Japanese company entry into nine of Talisman's licences in Papua New Guinea's onshore natural gas-rich Western Province.

The companies will together look to export about 3 million metric tonnes of liquefied natural gas per annum from the province.

Recently, Encana Corp signed a $2.9-billion deal with Mitsubishi to sell a stake in British Columbia gas assets.

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