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Tokyo Gas Completes Purchase of 20% Stake in First Gen's LNG Hub
February 20, 2025
|The Philippine Star
Lopez-led First Gen Corp. has completed the sale of a 20-percent stake in its offshore liquefied natural gas (LNG) terminal in Batangas to Japan's Tokyo Gas Co. Ltd.
Lopez-led First Gen Corp. has completed the sale of a 20-percent stake in its offshore liquefied natural gas (LNG) terminal in Batangas to Japan's Tokyo Gas Co. Ltd. First Gen unit First Gen LNG Holdings Corp. and Tokyo Gas executed share subscription and shareholder's agreements in May 2024 involving FGEN LNG Corp., which owns and operates the LNG terminal.
With the deal's closing, Tokyo Gas now owns 20 percent of FGEN LNG, with the First Gen Group retaining an 80-percent interest.
هذه القصة من طبعة February 20, 2025 من The Philippine Star.
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