Tokyo Gas to Invest in US Downstream Assets to Drive Growth [Yahoo! Finance]
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
The company is looking to deploy capital in assets like liquefaction plants, export terminals and the energy services sector, said Tokyo Gas President Shinichi Sasayama. “We've already made investments in midstream, downstream areas such as marketing and trading, and we intend to raise profitability,” he said in an interview. Most Read from Bloomberg A Train Grows in Brooklyn Can Netflix Help Save the American Mall? Trump's New Architect Is Sticking With Ballroom's Giant Size Extreme Weather Plunges Brazil's Largest City Into Darkness Hochul Picks Kathryn Garcia as Next Head of Port Authority The firm's planned expansion in the US comes as President Donald Trump rolls back climate commitments and elevates fossil fuels in national security planning. A surge in power use from artificial intelligence and data centers is boosting demand for gas-fired electricity, creating favorable conditions for energy producers. Tokyo Gas has allocated 350 billion yen ($2.2 billion) for
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