• Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us
Monday, July 14, 2025
Daw Rimiz
No Result
View All Result
  • Login
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
No Result
View All Result
DawRimiz
No Result
View All Result
Home Business

Toshiba shares slump after the sale of U.S. LNG business canceled

Donna Gilbert by Donna Gilbert
June 17, 2025
in Business
0
Toshiba shares slump after the sale of U.S. LNG business canceled

TOKYO (Reuters)—Toshiba Corp shares fell more than 5 percent on Friday after an agreement to offload its U.S. liquefied natural gas (LNG) business collapsed. This was a blow for the Japanese conglomerate, which has been shedding assets to improve its business.
Toshiba said late on Thursday that China’s ENN Ecological Holdings Co had scrapped an agreement to take over the LNG business due to a failure to get approvals from shareholders and a U.S. panel that monitors foreign investments.

Toshiba shares fell as much as 5.4 percent to 3,485 yen and ended morning trade at 3,555 yen. The broader market was up by about 0.6 percent.

Article Summary show
READ ALSO
The inventory marketplace is rapidly dropping its largest driving force of profits as worldwide alternate tensions flare
Stocks dip into the crimson amid combined change alerts

READ ALSO

The inventory marketplace is rapidly dropping its largest driving force of profits as worldwide alternate tensions flare

Stocks dip into the crimson amid combined change alerts

Toshiba must now find a new buyer for the business, which it previously said may cause losses of as much as 1 trillion yen ($9 billion).

Spot LNG prices were trading at about half their level when Toshiba agreed to pay ENN more than $800 million to take over its U.S. operations.

Failing to find a buyer could derail Toshiba’s recovery from the fallout of the bankruptcy of its U.S. nuclear power unit Westinghouse, analysts have said.

“The challenge in obtaining U.S. approvals provided an opportunity for ENN to walk away from a deal that will be out of the money in the near term following a collapse in LNG spot prices,” said Saul Kavonic, head of energy research for Australia at Credit Suisse.

“At current LNG spot prices, it will be a challenge to bring U.S. LNG volumes into Asia on a cash cost basis, let alone factoring in an additional processing tariff,” he said.

Toshiba stunned the market in 2013 when it decided to enter the LNG business. Analysts said at the time that with no experience in shipping or the logistics of the gas and LNG business, it seemed an odd fit.

Toshiba planned to pitch LNG supplies as a sweetener to potential Asian buyers of its turbines used in combined cycle gas-fired power plants.

The company signed up to take 2.2 million tonnes of LNG annually from the Freeport LNG export plant in Texas, the construction of which is almost complete.

The arrangement requires Toshiba to pay a processing fee for the LNG, regardless of whether it takes the fuel.

The company has been trying to sell the business since at least 2015.

($1 = 111.66 yen)

Related Posts

The inventory marketplace is rapidly dropping its largest driving force of profits as worldwide alternate tensions flare
Stock

The inventory marketplace is rapidly dropping its largest driving force of profits as worldwide alternate tensions flare

July 12, 2025
Stocks dip into the crimson amid combined change alerts
Stock

Stocks dip into the crimson amid combined change alerts

July 12, 2025
Yes Bank inventory rate jumps 10% after falling to double digits for first time in 5 years
Stock

Yes Bank inventory rate jumps 10% after falling to double digits for first time in 5 years

July 12, 2025
One crushed-down Chinese tech stock might be at the verge of a breakout
Stock

One crushed-down Chinese tech stock might be at the verge of a breakout

July 12, 2025
Sebi fines 3 entities Rs 19 lakh for manipulative exchange in BSE inventory options section
Stock

Sebi fines 3 entities Rs 19 lakh for manipulative exchange in BSE inventory options section

July 12, 2025
Stock market replace: IT stocks dip; Mindtree down over 2%
Stock

Stock market replace: IT stocks dip; Mindtree down over 2%

July 12, 2025
Next Post
Byju’s appoints Abhishek Maheshwari as president of international business

The Record Business Is Coming Back, But It's Not 1999 Yet

No Result
View All Result

Categories

  • Business
  • Care Services
  • Cleaning Services
  • Customer Service
  • Dessert
  • Diet
  • Drinks
  • Errand Services
  • Exercise
  • Fashion
  • Fast food
  • Fitness
  • Food
  • Gold
  • Health
  • Home Services
  • Kids
  • Lifestyle
  • Market
  • Money
  • Music
  • Office Services
  • Online Services
  • Recipe
  • Services
  • Sports
  • Stock
  • Technology
  • Transport Service
  • Travel
  • Writing Service

Recent Posts

  • Kids Magazine Issues Blistering Takedown Of Trump Migrant Children Policies
  • Big Little Lies Asks Whether Some Kids Are Too Young to Learn About Climate Change
  • A Camp Counselor’s Tricks for Motivating Kids
  • Report: Parents of Child YouTubers Worry Getting Pushed to YouTube Kids Will Make Them Less Money
  • Ava DuVernay Invites Megan Rapinoe To Dinner After Her White House Visit Scoff
  • Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us

© 2021-2025 Dawrimiz All Rights Reserved Dawrimiz.

No Result
View All Result
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us

© 2021-2025 Dawrimiz All Rights Reserved Dawrimiz.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In