Toshiba’s new unit to facilitate US LNG exports
Toshiba America has formed Toshiba America LNG Corporation, a new company with the aim of focusing on the liquefied natural gas (LNG) market.
The new company will be responsible for coordinating and assembling the necessary infrastructure chain to produce US LNG which can then be marketed by the broader Toshiba group to focus areas such as Latin America, the Caribbean and Asia.
To facilitate this role, TAL will be one of five tolling customers at the Freeport LNG project in Quintana, Texas. Toshiba has also entered into a pipeline capacity agreement with an affiliate of the Enbridge Corporation to bring US natural gas to the Freeport LNG facility and with Gulf LNG for tug services.
Over the coming months and years, TAL will be entering into additional arrangements to facilitate the delivery of US LNG, the company said on Thursday.
Heading the new company will be Takayuki Shibano who has been appointed president and CEO. He joined Toshiba in 1987 and has since held positions within the company’s energy operations.
Cheryl Roberts was appointed senior vice president and CFO, while Veldanda Rao was appointed senior vice president and COO.
Roberts brings over 25 years of experience in the energy industry, while Rao brings over 30 years of cross-functional, commercial and technical experience in LNG, gas and power.