Toshiba to Exit U.S. LNG business
Posted on Nov 9, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Toshiba to Exit U.S. LNG business
Reuters reports that Toshiba Corp will sell its Toshiba America LNG Corp unit to ENN Ecological, a unit of ENN Group, for $15 million. According to the report, “Toshiba will then make a one-off payment of $821 million to ENN to pass on its roughly $7 billion commitment, starting in 2020, to purchase 2.2 million tonnes per year of LNG over 20 years” from the Freeport LNG liquefaction and export terminal under construction on Quintana Island near Freeport, Texas.