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Chevron’s $1B Texas Gas Deal with Tokyo Gas in the Pipeline
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Subscribe10 OCT 2024 / BUSINESS
Chevron, a US energy giant, is reportedly selling its natural gas assets in East Texas and Louisiana to Tokyo Gas for $1 billion, aligning with the former's strategy to downsize non-core assets and the latter's aim to secure more US natural gas. The deal exemplifies a larger trend of international energy transactions designed to maintain a steady flow of natural gas, particularly relevant considering the increasing demand for cleaner energy alternatives.
In a world that's always on the go, sometimes it's good to stop and smell the roses – or, in Chevron's case, to pause and reflect on a potential billion-dollar deal. The U.S. energy giant is reportedly in advanced talks to sell its natural gas assets, whi...
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