Tokyo Gas to sell US shale gas stake to Shizuoka Gas for $130 million

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TOKYO : Tokyo Gas, Japan's biggest city gas supplier, will sell its 25 per cent 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.

The company has set a target to expand its overseas business to generate 14 per cent of its recurring profit by 2030.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanUnited States

Topics: Project Shizuoka Business Statement Cent Tokyo Mediacorp Japan Texas Shale Natural

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-21 @ 17:32:15 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 262 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26315116

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Official Website: channelnewsasia.com

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