TOKYO -- Tokyo Gas has decided to acquire part of a shale gas development in Texas from U.S. oil major Chevron, Nikkei has learned, as the Japanese energy company looks to expand profit through trading.
Energy
Tokyo Gas to buy Texas shale stake from Chevron
Deal expected in April as Japanese utility turns to natural gas trading
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Tokyo Gas has handled 10 million tonnes of natural gas yearly in the U.S., and the Chevron deal will help maintain this level. © Reuters
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