Osaka Gas Co. Ltd., which has stakes in a Gulf Coast natural gas export project, on Monday agreed to buy Haynesville Shale-focused Sabine Oil & Gas Corp. for $610 million in what is said to be the first Lower 48 unconventional acquisition by a Japanese company.
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Japan’s Osaka Gas Co. Ltd., which has agreements to buy liquefied natural gas (LNG) from the Freeport LNG project on the Texas coast once it ramps up, on Friday agreed to put more skin in the game through a $144.5 million deal with Houston-based Sabine Oil and Gas Corp. to buy into a gassy Haynesville Shale project.
Major Japanese liquefied natural gas (LNG) buyers Osaka Gas Co. Ltd. and Chubu Electric Power Co. Inc. have agreed to put up $1.2 billion of equity funding for Freeport LNG Expansion LP’s liquefaction and loading facility on Quintana Island near Freeport, TX. Both companies previously signed tolling agreements with Freeport.
Freeport LNG Expansion LP has struck two binding 20-year liquefaction tolling agreements (LTA) for its proposed natural gas liquefaction and loading facility on Quintana Island near Freeport, TX. The separate agreements are with SK E&S LNG LLC (SK) and Toshiba Corp., each for a base quantity of 2.2. million tons per annum (mtpa).
Houston-based Contango Oil & Gas Co. has closed the sale of its 10% limited partnership interest in Freeport LNG Development LP to Turbo LNG LLC, an affiliate of Japan’s Osaka Gas Co. Ltd., for approximately $68 million, the company said Tuesday.