Tokyo Gas sells US gas unit to Grayrock Energy for $255 million
17/11/2025 06:17
TOKYO, Nov 17 (Reuters) - Tokyo Gas 9531.T, Japan's largest city gas supplier, said on Monday it sold its U.S.-based subsidiary, TVL LLC, involved in gas development and production to Grayrock Energy for $255 million. The unit, operating in Louisiana's Haynesville and Cotton Valley formations, was sold as part of Tokyo Gas's strategy to optimise its asset portfolio, it said in a statement. (Reporting by Katya Golubkova; Editing by Jacqueline Wong) ((jekaterina.golubkova@thomsonreuters.com;))
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