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Aug 08, 2024 - 09:37
By asia.nikkei.com

Osaka Gas lends hand in developing India's gas lines

OSAKA -- Japanese utility Osaka Gas will take part in developing India's gas infrastructure through a partnership with a local supplier that has a significant reach in the promising market.

A consortium led by Osaka Gas spent about $370 million in April to secure a 25% stake in Singaporean energy provider AG&P LNG Marketing. The transaction, which converted AG&P into an equity-method affiliate, followed a $120 million investment by Osaka Gas in AG&P in 2021.