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Vietnam gas field secures $560m investment from Japan's Mitsui

TOKYO -- Mitsui will invest roughly 84 billion yen ($560 million) to develop a gas field in southern Vietnam under a project led by the Southeast Asian nation's state oil company, the Japanese trading house announced Friday.

The Block B project in Kien Giang province includes field development as well as the construction of a pipeline connecting to a gas-fired power plant. Overall costs, including related outlays, will exceed $10 billion.