Latest news with #TokyoGas
Japan Times
28-04-2025
- Business
- Japan Times
Japan's top gas buyer mulls joining Alaska LNG export project
Jera is considering participating in a proposed liquefied natural gas (LNG) export project in Alaska, as part of Japan's efforts to negotiate a trade deal with the United States. "We see Alaska as one of the promising procurement sources,' Naohiro Maekawa, an executive officer at the world's biggest LNG buyer, said at a news conference on Monday. The long-delayed $44 billion Alaska LNG facility is trying to court Asian importers, including Japan, South Korea and Taiwan, and has became a pet project of U.S. President Donald Trump. The plant has been proposed in various forms for decades, but has struggled to secure binding long-term contracts and investment, and requires the construction of a pipeline stretching more than 1,300 kilometers. Prime Minister Shigeru Ishiba said earlier this month that the project should be included in a trade package, while South Korea may also consider participating. The U.S. is seeking a summit to discuss the project with Japan and South Korea's ministers on June 2, the New York Times reported. Jera, Japan's biggest electricity producer, earlier Monday said its profit slumped 54% to ¥183.9 billion ($1.3 billion) in the financial year through March, due to lower income from power generation domestically and abroad. The company sees profit for this year at ¥230 billion. Tokyo Gas, another Japanese LNG buyer, said it is also monitoring Alaska LNG. "We will keep a close eye on the project,' chief financial officer Taku Minami said at a briefing on Monday. The company isn't in talks to increase imports of U.S. LNG in 2026, he added.
Korea Herald
10-04-2025
- Business
- Korea Herald
Global strategic speakers confirmed to accelerate energy transformation at Japan Energy Summit & Exhibition 2025
SEOUL, South Korea, April 10, 2025 /PRNewswire/ -- From 18 to 20 June 2025, the Japan Energy Summit & Exhibition, organised by dmg events Asia Pacific Pte Ltd, will return to Tokyo Big Sight, convening global energy leaders, influential policymakers, and industry executives to advance Japan's energy transition, investment landscape, and strategic role in the global energy system. Co-hosted by JERA and Tokyo Gas, this high-level platform will once again provide critical insight into the country's evolving energy strategy under the Seventh Strategic Energy Plan. Held amid rising global energy demand, increasing geopolitical complexity and intensifying decarbonisation targets, Japan's flagship energy platform will address the dual imperatives of energy security and sustainability. This year's Summit will provide a critical forum to examine solutions that advance clean energy adoption, enable resilient infrastructure, and foster international cooperation. Confirmed global speakers include: In addition to Government officials from METI, MLIT, and Thailand's Energy Regulatory Commission. For the full list: Running in parallel, the Technical Conference will convene engineers, project developers, and R&D leaders to present practical solutions on wide-ranging topics including; grid digitalisation, battery technologies, carbon capture and storage, and next-generation nuclear systems. While the content stages bring together industry leaders, policymakers, technical experts, and innovators for high-level dialogue, the exhibition is where strategy is translated into implementation. Serving as a dynamic international platform, it showcases the technologies, infrastructure, and services critical to delivering Japan's energy transformation. With participation from leading companies including Aramco Gas, ADNOC, Chevron, JOGMEC, JERA, Tokyo Gas, Engie, Ebara Corporation, Kraken Technologies and Cheniere, the exhibition floor will highlight market-ready innovations across LNG infrastructure, hydrogen and ammonia deployment, renewable systems, carbon management, and digital solutions, reinforcing Japan's position at the forefront of energy security, decarbonisation, and clean technology investment.
Yahoo
10-04-2025
- Business
- Yahoo
Global strategic speakers confirmed to accelerate energy transformation at Japan Energy Summit & Exhibition 2025
SEOUL, South Korea, April 10, 2025 /PRNewswire/ -- From 18 to 20 June 2025, the Japan Energy Summit & Exhibition, organised by dmg events Asia Pacific Pte Ltd, will return to Tokyo Big Sight, convening global energy leaders, influential policymakers, and industry executives to advance Japan's energy transition, investment landscape, and strategic role in the global energy system. Co-hosted by JERA and Tokyo Gas, this high-level platform will once again provide critical insight into the country's evolving energy strategy under the Seventh Strategic Energy Plan. Held amid rising global energy demand, increasing geopolitical complexity and intensifying decarbonisation targets, Japan's flagship energy platform will address the dual imperatives of energy security and sustainability. This year's Summit will provide a critical forum to examine solutions that advance clean energy adoption, enable resilient infrastructure, and foster international cooperation. Confirmed global speakers include: Wael Sawan, CEO, Shell Plc Yoshinori Kanehana, Chairman of the Board, Kawasaki Heavy Industries, Ltd Koji Ota, President & CEO, Chiyoda Corporation Jeong-Joon Yu, Vice Chairman, SK Group & CEO, SK On Anatol Feygin, EVP & CCO, Cheniere Energy Inc. Hitoshi Kaguchi, Senior EVP and CEO of GX Solutions, Mitsubishi Heavy Industries Michèle Azalbert, Chief Hydrogen Officer, Gentari Phil Caldwell, CEO, Ceres Power Jooho Whang, President & CEO, Korea Hydro & Nuclear Power (KHNP) In addition to Government officials from METI, MLIT, and Thailand's Energy Regulatory Commission. For the full list: Running in parallel, the Technical Conference will convene engineers, project developers, and R&D leaders to present practical solutions on wide-ranging topics including; grid digitalisation, battery technologies, carbon capture and storage, and next-generation nuclear systems. While the content stages bring together industry leaders, policymakers, technical experts, and innovators for high-level dialogue, the exhibition is where strategy is translated into implementation. Serving as a dynamic international platform, it showcases the technologies, infrastructure, and services critical to delivering Japan's energy transformation. With participation from leading companies including Aramco Gas, ADNOC, Chevron, JOGMEC, JERA, Tokyo Gas, Engie, Ebara Corporation, Kraken Technologies and Cheniere, the exhibition floor will highlight market-ready innovations across LNG infrastructure, hydrogen and ammonia deployment, renewable systems, carbon management, and digital solutions, reinforcing Japan's position at the forefront of energy security, decarbonisation, and clean technology investment. For more information or to register for Japan Energy Summit & Exhibition 2025, please visit: MEDIA CONTACT: DIANA PETER | +65 84989424 View original content to download multimedia: SOURCE dmg events Asia Pacific Pte Ltd
Yahoo
01-04-2025
- Business
- Yahoo
Japan's Tokyo Gas expands in US shale gas with Chevron deal
TOKYO (Reuters) - TG Natural Resources LLC (TGNR), co-owned by Tokyo Gas and Castleton Commodities International, has bought a 70% stake in the east Texas gas assets from Chevron for $525 million, the company said on Tuesday, as it expands its U.S. gas business. TGNR is already the fourth biggest producer in the Haynesville shale basin and the deal would allow to realize synergies of over $170 million during the asset's development, Craig Jarchow, the company's chief executive, said in a statement. Haynesville's location in east Texas and northwest Louisiana is ideal for exports from liquefied natural gas (LNG) facilities and projects clustered on the nearby Gulf Coast, and has investors' attention as U.S. President Donald Trump aims to boost gas exports. Tokyo Gas, Japan's largest city gas provider, said last week it wanted to increase coordination between its LNG trading and shale gas businesses in the U.S. and expand there, as it sees shale gas as a major profit pillar in the coming years.
Reuters
19-03-2025
- Business
- Reuters
Japan gas industry head says higher US LNG imports must be mutually beneficial
TOKYO, March 19 (Reuters) - Higher imports of U.S. liquefied natural gas would enhance Japan's supply stability and energy security, but they must be pursued in a mutually beneficial manner for both parties, the head of Japan's gas industry group said on Wednesday. U.S. President Donald Trump is pushing energy sales to Asian allies while threatening trade tariffs, reviving Alaska's stalled LNG ambitions. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. Last month, Japanese Prime Minister Shigeru Ishiba met with Trump and discussed the 20-million-tons-per-year Alaska LNG project, which is meant to transport gas from Alaska's remote north via a $44 billion 1,300-km (800-mile) pipeline and ships the fuel to Japan, South Korea and Taiwan. "Although it is not limited to Alaska, we can enhance Japan's stable energy supply and security by boosting LNG procurement from the U.S.," Japan Gas Association Chairman Takeshi Uchida told a news conference on Wednesday. "However, we need to proceed in a way that is beneficial to both sides," he said. Uchida, who is also the chairman of Japan's biggest city gas provider, Tokyo Gas (9531.T), opens new tab, said the Alaska LNG project is expected to cost more than 6 trillion yen ($40 billion), twice the cost of conventional LNG development. "To make it profitable, careful consideration is essential," he said. The Japanese government has not approached gas companies about expanding purchases of U.S. LNG, Uchida said. Japan is the world's second-biggest LNG buyer after China. Asked about the Trump administration's tariffs, Uchida said he is concerned that further measures, including retaliatory and reciprocal tariffs, could weaken the global economy and lead to a downturn. He warned that if Japan exports fewer automobiles and other products to the United States, domestic production may decline, potentially reducing energy consumption and affecting. ($1 = 149.8600 yen)
