Tokyo Gas to join Texas shale gas upstream project

TOKYO, March 29 Fri Mar 29, 2013 1:14am EDT

TOKYO, March 29 (Reuters) - Tokyo Gas Co, Japan's biggest city gas supplier, said on Friday it would join a shale gas development project in the Barnett Shale formation in Texas.

The Tokyo-based company said its subsidiary signed a contract with Quicksilver Resources Inc to buy 25 percent of a shale gas development project owned by the Fort Worth, Texas-based company for $485 million.