0426 GMT - Tokyo Gas Natural Resources looks like a strong contender to purchase equity in Woodside Energy's new U.S. liquefied natural-gas export project, RBC Capital Markets analyst Gordon Ramsay says. He tells clients in a note that the Louisiana LNG project appears to fit well with Tokyo Gas's strategy of diversifying long-term LNG supplies and securing gas from the U.S. Ramsay points out that Tokyo Gas-controlled TGNR's recent purchase of Rockcliff Energy already makes it one of the largest shale gas producers in the Haynesville region straddling East Texas and Louisiana. Tokyo Gas would likely provide LNG offtake and could supply project feed gas, he adds. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 04, 2024 23:26 ET (04:26 GMT)
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