TOKYO -- Trading house Mitsui & Co. plans to invest roughly $1.5 billion in Mozambique to jointly develop what is estimated to be one of the world's largest gas fields.
The Japanese company is shifting its focus from coal to liquefied natural gas as demand for environmentally friendly energy sources grows. It plans to supply LNG from the African project to Tohoku Electric under a long-term contract and is negotiating with companies in Thailand and China as well.
