Toshiba’s US LNG business finally sold out to buyers for Total in France

Toshiba’s sale of US LNG business has been twisted and twisted and has recently been sold.

Toshiba signed an agreement with French stone energy company Total to sell the above business to Total.

Toshiba has been trying to get rid of business difficulties in recent years, mainly because of the serious losses in the US nuclear and natural gas business. In addition to these businesses, Toshiba will also sell its core memory storage chip business and consumer-oriented businesses such as TV.

Xinao Group withdraws from the acquisition of Total and negotiates in just one and a half months.

However, most of the above businesses have already been sold, and the natural gas business has been stuck. The reason is that the negotiations between Toshiba and the acquirer Xinao Group have broken down, causing the progress of the sale to come to a standstill.

However, the departure of the New Austrian Group has become a good opportunity for European and American oil companies. The negotiations between Total and Toshiba will be completed in one and a half months. The transaction is expected to be completed by the end of March 2020, involving shale gas processing in the United States as liquefied natural gas. In the 20 years from 2020, it will sell 2.2 million tons of interest each year for a price of 15 million US dollars.