A unit of Tokyo Gas Co Ltd is in advanced talks to buy U.S. natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for about $4.6 billion, including debt, people familiar with the matter said on Tuesday. | Reuters
If consummated, the deal would be the latest move by a Japanese entity to secure gas in jurisdictions perceived as friendly, the importance of which has risen for the import-dependent Asian nation in the wake of supply markets for the commodity being roiled by Russia’s invasion of Ukraine.
TG Natural Resources is arranging funding from several financing sources to support the transaction, including banks and private credit providers, added the sources, who cautioned that no deal was guaranteed and the talks could end without an agreement.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DOE to prioritize energy security, rate reductionThe department disclosed its priorities for 2023 including pursuing contingency measures and activities to ensure energy supply during critical periods such as the next dry months. READ:
Read more »
Razon creates Malampaya brainstorming council as gas depletion nearsRazon-led Prime Infrastructure Capital Inc. has enlisted technical experts to optimize the resources of the Malampaya deep water gas-to-power project. In a statement, Prime Infra said its unit,
Read more »
Govt awards renewables service contracts with 9.2-GW capacity - BusinessMirrorTHE government has awarded 41 renewable energy (RE) service contracts with a potential capacity of 9.2 gigawatts (GW) in the last six months in its “aggressive” bid to reduce the country’s carbon emissions, according to Malacañang. Citing the year-end report of the Department of Energy (DOE), the Office of the Press Secretary (OPS) disclosed the
Read more »
How Putin’s war and small islands are accelerating the global shift to clean energy, and what to watch for in 2023 - BusinessMirrorThe year 2022 was a tough one for the growing number of people living in food insecurity and energy poverty around the world, and the beginning of 2023 is looking bleak. Russia’s war on Ukraine, one of the world’s largest grain and fertilizer feedstock suppliers, tightened global food and energy supplies, which in turn helped
Read more »
Japan emperor makes first public new year's appearance since 2020TOKYO: Japanese Emperor Naruhito on Monday made his first public New Year's greetings since 2020, resuming an annual tradition with caution as the nation and the royal family...
Read more »
Kerosene leads new fuel price hikes at P3.05/l, gas P2.90/l, diesel P2.10/lHigher pump prices will kick off the new year for motorists today (Tuesday) with oil firms implementing a price hike of as much as P3.05 per liter for kerosene. READ:
Read more »