Reported about 23 hours ago
Tokyo Gas, Japan's largest city gas supplier, is selling its 25% interest in a Texas Eagle Ford shale gas project to Shizuoka Gas for $130 million. This divestment is part of Tokyo Gas's strategy to enhance operational efficiency, allowing it to concentrate on its U.S. investments. For Shizuoka Gas, this acquisition represents its first venture in the U.S. market and aims to produce about 400,000 metric tons of LNG equivalent annually from the project.
Source: YAHOO