Tokyo Gas Co. is in advanced talks to buy US natural gas producer Rockcliff Energy in a deal worth about $4.6 billion, Reuters reported.
(Bloomberg) — Tokyo Gas Co. is in advanced talks to buy US natural gas producer Rockcliff Energy in a deal worth about $4.6 billion, Reuters reported.
A unit of Tokyo Gas would purchase Rockcliff from private equity firm Quantum Energy Partners, Reuters said citing people familiar with the matter. The deal would include debt, Reuters reported.
This is the latest move by an Asian firm to secure natural gas supply amid the global energy crisis.
More stories like this are available on bloomberg.com
©2023 Bloomberg L.P.