Deals
Japan Gas Binge Ties Third-Biggest Economy to One Fuel: Energy
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Japanese companies are buying natural gas assets and fields around the world, setting the nation on course to be the first of the 10 largest energy users to bet its future on a less-polluting fuel than oil or coal.
Mitsubishi Corp. led purchases this year as trading and energy explorers bought gas properties in four countries and pledged at least $30 billion to develop deposits. They’re capturing supplies to generate power after authorities idled the nation’s 54 nuclear reactors since the Fukushima disaster.