Bangkok (VNA) – 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.
In a recent announcement, the firm revealed that Shizuoka Gas on August 5 reached agreement to acquire 49 percent of shares in the Thai-Japan Gas Network Company Limited (TJN), a company established by the Thailand-based Scan Inter Public Company Limited (SCN) to strengthen supply businesses in industrial compressed natural gas (CNG) and liquefied natural gas (LNG).
This business development in Thailand marks Shizuoka Gas's third project in the country, following a 2015 gas power generation project and a 2021 solar power generation project.
TJN is a spin-off company of SCN's industrial natural gas supply business. TJN inherits its customer base from SCN, which is the largest supplier of CNG in Thailand.
TJN’s registered capital is 412 million THB (12 million USD). After the deal, SCN will own 51 percent of TJN’s shares./.
In a recent announcement, the firm revealed that Shizuoka Gas on August 5 reached agreement to acquire 49 percent of shares in the Thai-Japan Gas Network Company Limited (TJN), a company established by the Thailand-based Scan Inter Public Company Limited (SCN) to strengthen supply businesses in industrial compressed natural gas (CNG) and liquefied natural gas (LNG).
This business development in Thailand marks Shizuoka Gas's third project in the country, following a 2015 gas power generation project and a 2021 solar power generation project.
TJN is a spin-off company of SCN's industrial natural gas supply business. TJN inherits its customer base from SCN, which is the largest supplier of CNG in Thailand.
TJN’s registered capital is 412 million THB (12 million USD). After the deal, SCN will own 51 percent of TJN’s shares./.
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