Japanese pipeline pact

Teikoku Oil Co. Ltd, Tokyo Gas Co. Ltd and Shizuoka Gas Co. Ltd have agreed to jointly build a 33km natural gas pipeline in Shizuoka prefecture. Construction of the pipeline will start in 2004, with completion scheduled for 2006. A joint venture firm, in which each of the three firms will hold equal stakes, will be set up by the end of 2003 for the project. The new pipeline will connect to a 83km pipeline to be built by Teikoku Oil in 2006.

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