BOLD INVESTMENT: SHIZUOKA GAS ACQUIRES TOKYO GAS’ US ASSETS

BOLD INVESTMENT: SHIZUOKA GAS ACQUIRES TOKYO GAS’ US ASSETS
BOLD INVESTMENT: SHIZUOKA GAS ACQUIRES TOKYO GAS’ US ASSETS

Tokyo Gas sells U.S. assets – It sold a 25% stake in a Texas gas project.

Buyer is Shizuoka Gas – Shizuoka Gas bought it for $130 million.

Reason for sale – Tokyo Gas wants to reorganize its business.

Focus on other areas – It will now invest more in East Texas and northern Louisiana.

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