Tokyo Gas America, a subsidiary of Tokyo Gas, has bought a minority share in ARM Energy Trading, a new entity that includes ARM Energy Services and ARM Energy Mexico, two of the biggest natural gas marketers in North America.
The deal will allow ARM Energy Trading to expand its asset optimization and trading strategy, as well as diversify into other products. ARM Energy’s CEO Zach Lee said the partnership with Tokyo Gas, a global leader in the energy sector, will create more value for both companies.
Tokyo Gas America’s CEO Akira Inukai said the investment will strengthen their position in the growing North American natural gas market. ARM Energy Trading will be led by the same management team of ARM Energy, with Lee as the Chairman of the Board. The financial and legal advisors for both parties were also disclosed.
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