Announced
Synopsis
Osaka Gas, a gas company, Sumitomo, an electric services company, and JOIN, an investment company, agreed to invest in AG&P LNG, a LNG terminals and downstream infrastructure company. Financial terms were not disclosed. This investment will be made through a Japanese consortium jointly owned by OGS, Sumitomo, and JOIN. This marks OGS’ second major investment in the CGD business in India, following the first one in 2021. OGS intends to establish a medium- to long-term revenue stream in India while contributing to a stable supply of low-carbon energy.
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