Woodside and Tokyo Gas in discussions over stake in US LNG project [Yahoo! Finance Canada]
TOKYO GAS CO LTD UNSP/ADR (TKGSY)
NASDAQ:AMEX Investor Relations:
tokyo-gas.co.jp/ir/english/library/earn_e.html
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Source: Yahoo! Finance Canada
HOUSTON/NEW YORK (Reuters) - Tokyo Gas is in talks with Woodside Energy over taking a stake in a multi-billion-dollar Louisiana liquefied natural gas (LNG) export project, according to two people familiar with the discussions. Woodside, an Australian oil and gas producer, this month closed on a $1.2 billion buy of developer Tellurian Inc, which put itself on the market after nearly running out of cash building a U.S. Gulf Coast facility that could convert U.S. shale gas into up to 27.7 million tons per annum of LNG. Tokyo Gas Natural Resources (TGNR), the U.S. arm of Japan's largest gas and power utility, is holding talks on acquiring an interest in the project. The talks are ongoing and there is no guarantee they will complete a deal, one of the people said. Woodside and Tokyo Gas declined to comment. Woodside has said it is seeking equity partners to take minority stakes in the export project, now called Louisiana LNG. Chief Executive Meg O'Neill said earlier this month the
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