Tokyo Gas Enters Philippine LNG Market With Terminal Stake
2025-02-19 15:23
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A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017.
Wedoany.com Report-Feb 19, Tokyo Gas (9531.T) said on Wednesday it had made its first foray into a commercially operational terminal for liquefied natural gas outside Japan by acquiring a 20% stake in Philippines' FGEN LNG, a unit of First Gen Corp (FGEN.PS).
Financial terms of the deal for the stake in FGEN LNG, which owns and operates an offshore floating LNG terminal in Batangas City, were not disclosed.
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