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Hitachi, Toyo Enter LNG Market Through Small and Medium Gas Fields in Papua New Guinea
BANGALORE, INDIA--October 16, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--The government-run Japan External Trade Organization (JETRO) (Tokyo, Japan) has engaged Hitachi Limited (TYO:6501) (Tokyo), engineering company Toyo Engineering Corporation (TYO:6330) (Tokyo), and plant equipment manufacturer Chart Industries Incorporated (NASDAQ:GTLS) (Garfield Heights, Ohio) to conduct a feasibility study on small- and medium-sized natural gas fields in Papua New Guinea. With this, Hitachi and Toyo Engineering will foray into the global liquefied natural gas (LNG) market. The partnership intends to focus on the abundant small, undeveloped gas fields in Indonesia and Australia.
Other companies featured: Chiyoda Corporation (TYO:6366), JGC Corporation (TYO:1963)
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