TOKYO (Reuters) -Tokyo Gas, Japan’s largest city gas supplier, said on Monday it sold its U.S.-based subsidiary, TVL LLC, involved in gas development and production to Grayrock Energy for $255 million.
The unit, operating in Louisiana’s Haynesville and Cotton Valley formations, was sold as part of Tokyo Gas’s strategy to optimise its asset portfolio, it said in a statement.
(Reporting by Katya Golubkova; Editing by Jacqueline Wong)
