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Tokyo Gas Seeking More US Natural Gas Assets: Reuters

NATGAS

Japan’s top city gas supplier Tokyo Gas is looking to boost its US natural gas assets, its president said June 3, cited by Reuters.

  • The company is looking to expand gas related businesses in North America after a recent acquisition of a shale gas producer Rockliff Energy.
  • "We would still consider investing in shale gas assets if we can acquire them at the appropriate price and in a competitive way," Tokyo Gas President Shinichi Sasayama said. "But we are not only looking to upstream assets, but also to surrounding assets such as marketing, trading and storage batteries, so that we could link them together to build the total value chains."
  • In Asia, Tokyo Gas is looking at two LNG projects in Vietnam which will start from 2027 and 2029.
  • The company is buying 13m mtpa of LNG from 13 projects across four countries.
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