TOKYO GAS WILL SELL US SHALE GAS STAKE TO SHIZUOKA GAS FOR $130 MILLION
- NEWS Desk Global
- Feb 21
- 1 min read
Tokyo Gas, Japan's biggest city gas supplier, will sell its 25% stake in an Eagle Ford shale gas project in south Texas to Shizuoka Gas for $130 million under an asset portfolio review to improve efficiency, it said on Friday.
The move will leave it to focus on its U.S. unit, TG Natural Resources, which has assets in east Texas and north Louisiana. Shizuoka Gas said in a separate statement that the deal marks its first acquisition in a U.S.-based business and entry into the upstream natural gas sector.
Commentaires