Business / Corporate Jan 2, 2014

Mitsubishi, Mitsui pull out of deal to buy Aussie LNG

Mitsubishi Corp. and Mitsui & Co. have withdrawn from an agreement to buy liquefied natural gas from Woodside Petroleum Ltd.'s Browse venture in Australia after delays to the project. The Mitsui and Mitsubishi venture, Japan Australia LNG, won't go ahead with the purchase of about ...