KENAI-TOKYO LNG TRADE TO INCREASE

Phillips 66 Natural Gas Co. and Marathon Oil Co. plan to step up shipments of Alaskan liquefied natural gas to Japan. The two companies signed a letter of intent with Ishikawajima-Harima Heavy Industries Ltd., Tokyo, for construction of two LNG tankers, each with a capacity of 87,500 cu m. One is scheduled for delivery in mid-1993, the other at yearend 1993.

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