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Tokyo Gas is seeking more U.S. natural gas supplies, the president says

Japanese city gas supplier Tokyo Gas is looking to add more U.S. natural gas assets, its president said Monday, as it looks to expand its gas-related business in North America following its recent acquisition of a U.S. shale gas producer.

The Japanese company paid $2.7 billion to acquire Texas-based natural gas producer Rockcliff Energy in December and agreed to buy a 49% stake in North American energy marketing and trading company ARM Energy Trading in February.

“We would still consider investing in shale gas assets if we can acquire them at the right price and in a competitive manner,” Shinichi Sasayama, president of Tokyo Gas, told reporters on the sidelines of the Japan Energy Summit conference in Tokyo .

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