Tokyo Gas moves into Indonesian inter-island LNG shipping

AI Summary

Tokyo Gas and its subsidiary Tokyo Gas Asia acquired all of PT AGP Indonesia Utama, an Indonesian LNG infrastructure developer. The acquisition is intended to enable an inter-island LNG distribution network supplying power stations in Indonesia's eastern archipelago.

Japan’s Tokyo Gas has acquired an Indonesian LNG infrastructure developer, paving the way for a new domestic shipping network supplying power stations across the country’s vast eastern archipelago. The Japanese utility, together with its wholly owned subsidiary Tokyo Gas Asia, has acquired 100% of PT AGP Indonesia Utama, which is developing a project to distribute …