Toshiba sells U.S. LNG business to Total

September 3, 2019

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Toshiba has sold Toshiba America LNG Corp, its LNG gas operation in the US to Total. In June, they had already announced a sales agreement, which finally took place on 30 august for $15 million after evaluating that the plan to procure U.S.-manufactured LNG for Japanese utility companies was unlikely to achieve profitability.