TOKYO -- Tokyo Gas aims to invest 350 billion yen ($2.3 billion) over three years in overseas operations, including U.S. shale gas development and liquefied natural gas production, under a new medium-term business plan that scraps targets for the introduction of renewable energy over uncertain profitability.
Energy
Tokyo Gas drops renewables targets, moves to invest in US shale gas
Japanese utility looks to American project for stable LNG procurement
Tokyo Gas will invest more in the U.S. as the construction of liquefied natural gas facilities picks up. (Photo by Kosuke Imai)
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