Tokyo Gas to sell stakes in 4 Australian LNG projects to U.S. fund

Proceeds to be redirected to renewable energy and hydrogen production

20221007N Inpex oil rig

The Ichthys offshore development is among the four Australian LNG projects Tokyo Gas plans to divest. (Photo courtesy of Inpex)

RYO MUKANO, Nikkei staff writer

TOKYO -- Tokyo Gas will sell stakes in four Australian liquefied natural gas projects to a unit of U.S. private equity firm EIG, the Japanese energy supplier said Friday, as it moves to expand investments in renewable energy.

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