Tokyo Gas to book $90 million impairment loss on U.S. shale gas project

Tokyo Gas to book $90 million impairment loss on U.S. shale gas project
Reuters ^ | 15 January 2016 | Osamu Tsukimori

Posted on 01/17/2016 9:54:28 AM PST by Lorianne

Tokyo Gas Co said on Friday it expects to book 10.6 billion yen ($90 million) in impairment losses on its Texas shale gas development project in the October-December quarter, reflecting the recent steep declines in oil and gas prices.

(Excerpt) Read more at reuters.com ...

TOPICS: Business/Economy; Foreign Affairs; US: Texas
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1 posted on 01/17/2016 9:54:28 AM PST by Lorianne

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To: Lorianne

China put up BILLIONS for oil leases in the U.S.

2 posted on 01/17/2016 9:58:22 AM PST by TigerClaws

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To: Lorianne

Bummer

3 posted on 01/17/2016 10:31:15 AM PST by CPT Clay (Hillary: Julius and Ethal Rosenberg were electrocuted for selling classified info.)

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