Toshiba to pay $800 million to exit U.S. LNG business

Japan’s Toshiba Corp said on Thursday it is exiting its U.S. liquefied natural gas (LNG) business and paying an overseas “buyer” it did not identify $800 million to assume its commitment to purchase 2.2 million tons per year of the fuel from Freeport LNG in Texas.

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Source:: Reuters – Business News


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