New Toshiba business focuses on export of US LNG
Toshiba America, Inc. (TAI) publicly announced the formation of Toshiba America LNG Corporation (TAL), a new operating company that will focus on the liquid natural gas (LNG) market.
TAL is responsible for coordinating and assembling the necessary infrastructure chain to produce US LNG which can then be marketed by the broader Toshiba group to key focus geographies such as Latin America, the Caribbean and Asia.
To facilitate this role, TAL will be one of five tolling customers at the Freeport LNG project in Quintana, Texas. Toshiba has also entered into a pipeline capacity agreement with an affiliate of the Enbridge Corporation to bring US natural gas to the Freeport LNG facility and with Gulf LNG for tug services. Over the coming months and years, TAL will be entering into additional arrangements to facilitate the delivery of US LNG.
At CERAWeek by IHS Markit, held in Houston in March, IEA Director Fatih Birol said that the world would soon see a major second wave of shale gas production from the US in response to higher energy prices and growing demand from India and China.
Mozambique and Tanzania hold an estimated 180 Tft3 and 57 Tft3 of proven natural gas reserves, respectively.
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