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Consortium to Develop Shale Gas in Canada and Funding to be Provided by JBIC
A consortium comprising Mitsubishi Corporation (“MC”, headquartered in Chiyoda-ku, Tokyo, President & CEO: Ken Kobayashi), Japan Oil, Gas and Metals National Corporation (“JOGMEC”, headquartered in Minato-ku, Tokyo, President: Hirobumi Kawano), Chubu Electric Power Co., Inc.(“Chubu Electric”, headquartered in Higashi-ku, Nagoya, President & Director : Akihisa Mizuno), Tokyo Gas Co., Ltd.(“Tokyo Gas”, headquartered in Minato-ku, Tokyo, President: Tsuyoshi Okamoto) and Osaka Gas Co., Ltd（“Osaka Gas”, headquartered in Chuo-ku, Osaka, President: Hiroshi Ozaki）. has agreed to collaborate on a shale gas project in northeastern British Columbia, Canada, into which MC invested last September. This is the first time Japanese utilities and gas companies have been involved in shale gas development.