INTERNATIONAL TRADE
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From Times Staff and Wire Reports
Japan Joins Offshore Gas Consortium: Japanese oil and trading companies will join an international consortium investing $20 billion to develop offshore liquefied natural gas resources in Papua New Guinea, a Tokyo financial newspaper reported. The eight-company consortium, which includes U.S.-based Mobil Corp. and British, Australian and Canadian companies, also has agreed to develop a processing plant with an annual capacity of 5 million tons, the Nihon Keizai reported. It said the plant was expected to begin production by 1998.
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