Japan: Tokyo Gas Plans to Buy 10.44 MT of LNG

Japan’s Tokyo Gas said in a release that it plans to purchase 10.44 million mt of LNG in the fiscal year to March 2013.

Tokyo Gas also said that it will invest a total of 709.5 billion yen in its facilities over the five-year period (FY2012 – FY2016).

The investment includes:

(1) Production facilities; the further reinforcement of stable production systems through expansions of the LNG-related facilities in the three terminals on Tokyo Bay and construction of the No.4 LNG storage tank in the Ohgishima Terminal, as well as by proper measures resistant to earthquakes and floods and scheduled repair and renovation of aged facilities.

(2) Supply facilities; the establishment of stable supply systems and safety assurance through investment in pipeline installation for new demand development, formation of main pipeline network, facilities for measures resistant to earthquakes and floods, and further promotion of replacing aged pipes.

(3) Business facilities; the further reinforcement of business development systems through improvements to information systems, enhancement of earthquake-proof business buildings, and promotion of technology development.

(4) Incidental business facilities; improvements mainly to existing facilities.

The company will complete its Hitachi LNG terminal in March 2016, according to the release.

[mappress]

LNG World News Staff, March 23, 2012; Image: Tokyo Gas