Tokyo Gas Announced Plans to Acquire U.S. Natural Gas Assets

SEATTLE (Oil Monster): Tokyo Gas announced plans to acquire additional natural gas assets in the United States. It must be noted that the leading Japanese natural gas supplier had recently purchased U.S. shale gas producer Rockcliff and a significant stake in ARM Energy Holdings, LLC, an energy marketing and infrastructure company in North America.

Shinichi Sasayama, President, Tokyo Gas stated that the company is willing to consider investing in more shale gas assets, if the company finds that they could be acquired an appropriate price and in a competitive way. In addition to upstream assets, the company eyes to add associated assets such as marketing, trading and storage batteries, thus adding to its total value chain.

Tokyo Gas is reportedly seeking to explore opportunities in Asian region, particularly in Vietnam, where is it is currently developing two liquefied natural gas-to-power projects.  The commercial operations at Quang Ninh and Thai Binh is expected to commence in late-2027 and 2029 respectively. However, a final investment decision is expected only after the current fiscal year.

Tokyo Gas has been diversifying its procurement sources in order to boost flexibility of operations.

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