Tokyo Gas Enters LNG Market in Philippines

Wednesday, February 19, 2025
© Yellow Boat / Adobe Stock

Tokyo Gas said on Wednesday it had made its first foray into a commercially operational terminal for liquefied natural gas outside Japan by acquiring a 20% stake in Philippines' FGEN LNG, a unit of First Gen Corp.

Financial terms of the deal for the stake in FGEN LNG, which owns and operates an offshore floating LNG terminal in Batangas City, were not disclosed.


(Reuters - Reporting by Chang-Ran Kim; Editing by Janane Venkatraman)

Categories: Offshore LNG Industry News Activity Asia Oil and Gas

Related Stories

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

JERA Agrees New US LNG Supply Deals

JERA Agrees New US LNG Supply Deals

Fugro Expands Geotechnical Testing Capabilities in Indonesia

Fugro Expands Geotechnical Testing Capabilities in Indonesia

Current News

Qatari Output at Gas Field Shared With Iran Is Steady

Rhino Resources To Drill New Well Offshore Namibia

Fugro-Led BeWild Completes First Fully Remote Ecology Survey at OW Farm

TotalEnergies Secures Offshore Wind Concession in Germany

Subscribe for OE Digital E‑News

Offshore Engineer Magazine