TOKYO -- Japanese trading house Mitsubishi Corp. and MUFG Bank plan to provide more than 150 billion yen ($1.4 billion) to support struggling Chiyoda, one of the world's leading builders of liquefied natural gas plants, Nikkei has learned.
Chiyoda's restructuring will serve as a barometer of the outlook for Japan's infrastructure export ambitions, a keystone of Prime Minister Shinzo Abe's economic policy. As rising costs and waning demand spur companies to bow out of overseas nuclear power operations, the hope is that LNG plants will pick up the slack.
