LNG

March 26 (LNGJ) - Tokyo Gas, one of the main Japanese LNG importers, said it would spin off a “preparatory company” to facilitate and ensure preparations for the legal separation of the Tokyo Gas pipeline division required by April 2022 under the Japanese Gas Business Act covering market liberalization. “The spin-off of the gas pipeline business is subject to approval by a resolution of the annual general meeting of shareholders scheduled to be held in June 2021 and the acquisition of licenses and approvals by the competent government agencies,” said Tokyo Gas.