Tokyo Gas proceeds with second Vietnam LNG import project with joint venture at Thai Binh southeast of Hanoi
Tokyo Gas, one of the largest and longest-standing liquefied natural gas importers, has formed a joint stock company to proceed with an LNG import and power project in Vietnam at Thai Binh in the north.
Tokyo Gas profits
Feb 1 (LNGJ) - Tokyo Gas, the utility and LNG importer, reported a more than 72 percent increase in nine-month revenues from natural gas sales totalling 1.55 trillion yen ($11.9Bln) compared with 907.84 billion yen ($6.9Bln) in the same period of the previous year.
The utility said nine-month operating profit rose more than four-fold to 235.7Bln yen ($1.8Bln) versus 52.3Bln yen ($409M) in the prior-year period. Natural gas accounts for 60 percent of the business with other income coming from electricity sales as well as other energy and overseas activities.
Tokyo Gas to sell first ‘energy transition’ corporate bond to finance new LNG terminal and other projects
Tokyo Gas, a leading liquefied natural gas importer, plans to issue the first “energy transition” corporate bond by a Japanese city-gas company to help finance three projects, including the Niihama LNG import terminal on Shikoku Island.
Japanese LNG imports plummet and Asian and Mideast cargoes drop as nation again opts for more coal use
Japanese liquefied natural gas imports plummeted by more than 22 percent as the nation opted for more than twice the amount of coal than LNG for thermal power generation and only imports from Australia and the US held up as cargo numbers from Asia, the Middle East and Russia dropped.
Tokyo Gas boosts utility income while expanding LNG and gas business in Asia-Pacific and US
Tokyo Gas, the Japanese utility and importer of 14 million tonnes per annum of LNG, said fiscal half-year net sales from April to September increased by 9.4 percent as it benefited from the nations liberalization of the utility sector and from diversifying and expanding the sources of its LNG imports.
