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Tokyo Gas sells Louisiana gas interest to Grayrock

  • Märkte: Natural gas
  • 18.11.25

Japan's gas distributor Tokyo Gas's US subsidiary TG Natural Resources (TGNR) sold its gas exploration and production business in Louisiana to Texas based E&P firm Grayrock Energy.

Tokyo Gas said on 17 November that it signed an agreement to sell TGNR's subsidiary called TGNR TVL to Grayrock Energy on 14 November. TGNR TVL is a gas field interest in Louisiana which was acquired from US natural gas producer Range Resources in August 2020. The divestment is part of a portfolio review aimed at improving asset efficiency, Tokyo Gas said. Grayrock paid $255mn to acquire the Louisiana gas asset and transaction is planned to complete on 31 December 2025.

Tokyo Gas sold 25pc stake of another subsidiary in Texas to Japanese gas distributor Shizuoka Gas in February. It explained the reason of the sale to also be a part of a review of its portfolio aimed at improving asset efficiency.

Tokyo Gas plans to focus on the business of its assets in east Texas and north Louisiana.


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