Japanese firm enters industrial natural gas supply business in Thailand
Japan's Shizuoka Gas Co. will engage in supplying industrial natural gas in Thailand next year by investing in a local firm and developing new customers in the Southeast Asian country.
Bangkok (VNA) – Japan's Shizuoka Gas Co. willengage in supplying industrial natural gas in Thailand next year by investingin a local firm and developing new customers in the Southeast Asian country.
In a recent announcement, the firm revealed that Shizuoka Gas on August 5 reached agreement to acquire 49 percent of shares in the Thai-JapanGas Network Company Limited (TJN), a company established by the Thailand-based ScanInter Public Company Limited (SCN) to strengthen supply businesses inindustrial compressed natural gas (CNG) and liquefied natural gas (LNG).
This business development in Thailand marks Shizuoka Gas'sthird project in the country, following a 2015 gas power generation project anda 2021 solar power generation project.
TJN is a spin-off company of SCN's industrial natural gassupply business. TJN inherits its customer base from SCN, which is the largestsupplier of CNG in Thailand.
TJN’s registered capital is 412 million THB (12million USD). After the deal, SCN will own 51 percent of TJN’s shares./.
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