Tokyo Gas to acquire a 24% stake in Castleton Resources for $190m.

Tokyo Gas, a provider of natural gas, agreed to acquire a 24% stake in Castleton Resources, which offers transportation of oil and gas products through pipelines, for $190m. “As US shale gas prices have fallen sharply, we think it is a good time to buy stake in gas assets at a relatively cheap price,” Koji Yoshizaki, Tokyo Gas Senior General Manager.