Tokyo Gas to sell US shale gas stake to Shizuoka Gas for $130 million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 21 2025
0mins
Source: Reuters
Tokyo Gas Sells Stake: Tokyo Gas is selling its 25% stake in a Texas shale gas project to Shizuoka Gas for $130 million as part of an asset review aimed at improving efficiency, allowing it to focus on its U.S. operations.
Shizuoka Gas Enters U.S. Market: This acquisition marks Shizuoka Gas's first venture into the U.S. upstream natural gas sector, with plans to produce 400,000 metric tons per year in LNG equivalent and aspirations to expand its overseas business by 2030.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
