Tokyo Gas to sell US shale gas stake to Shizuoka Gas for $130 million By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 21 2025
0mins
Source: Investing.com
Tokyo Gas Stake Sale: Tokyo Gas is selling its 25% stake in an Eagle Ford 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 Expansion: 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 a goal to expand its overseas business to contribute 14% of recurring profit 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.
