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Tokyo Gas revealed this in its new medium-term management plan.
“Internationally, we will focus on ensuring profitability in our shale gas business while expanding into mid/downstream operations in the US and LNG trading worldwide,” the company said
In Japan, Tokyo Gas owns four LNG import terminals (Sodegaura, Negishi, Ohgishima, and Hitachi), and it buys LNG from various countries in the world, including the US, Qatar, Malaysia, etc.
In 2020, Tokyo Gas formed its LNG trading unit, TG Global Trading, to boost LNG trading volumes.
The firm said in the medium-term report that it aims to expand LNG trading by leveraging its existing assets such as current supply contracts, and boost value proposition through close communications with its business partners.
Tokyo Gas aims for a total LNG trading volume of 5 million tonnes a year by 2030.
The firm plans to expand LNG trading volumes, mainly through Singapore and London.
Tokyo Gas said US shale gas assets are the core of its plans for overseas expansion.
“US LNG exports growth increase the value of the Haynesville (HV) area, where TGNR is the No.4 producer,” it said.
“Our upstream-focused local management enables us to maintain 1Bcfed production and around $2/MMbtu unit cost,” it said.