Adgas-TepcoLNG Price Negotiations Near CompletionMEES understand that the Abu Dhabi Gas Liquefaction Company (Adgas) hasreached a preliminary market price agreement with its majorcustomer, Japan's Tokyo Electric Power Company (Tepco).Tepco has been paying for its offtake product on a provisionalprice basis of some $3.06-3.07/mn BTU delivered into Japan since its lastpricing arrangement with Adgas expired in April1994. This is around 40-50 cents/mn BTU below...
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