Tokyo Gas Investing In US Shale Natural Gas -- May 19, 2015

Reuters is reporting that Tokya Gas is targeting more investments in US shale:

Tokyo Gas Co Ltd, Japan's biggest gas utility, is looking to invest in more U.S. shale gas production as a hedge to liquefied natural gas (LNG) imports from the United States to start next year.

The company has inked contracts to buy 1.9 million tonnes per year of LNG from U.S. producers and aims to invest in an equal volume in the upstream sector.

The company has contracted to buy 1.4 million tpy of U.S. LNG from the Cove Point project, which will start shipments in the second or third quarter next year, and 0.5 million tpy from Mitsui & Co's Cameron project.

In 2013, Tokyo Gas bought a stake in a shale gas field in Texas' Barnett Basin from Quicksilver Resources that would give it 0.35 million to 0.5 million tpy of gas output. 

This is really cool. Another reminder of the Cove Point project. Cove Point was mentioned in a recently article a reader sent me but I did not post it. Probably should have.

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Modern Art

Our eight-year-old granddaughter did this in her ten minutes of spare time. The little "girl" sitting on the chair is hand made from rubber bands. The chair is made entirely from a champagne cork and wiring; some of the wiring was cut to provide the backing which she covered with scrap of cloth. The end table's stand is a cork stopper, the flowers on the table are also from rubber bands. The table top is a scrap of something I don't recognize. It looks like something that fell off a piece of furniture during their recent move.