Toshiba sells U.S. LNG business to Total
September 3, 2019
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.