← Back

TOKYO GAS Co., Ltd.

Tokyo Gas Co., Ltd. produces, supplies, and sells city gas and LNG in Japan. It operates through the Energy Solutions, Network, Overseas, and Urban Development segments. Its activities include electricity production and supply, engineering solutions and energy services, city gas transmission, trading, offshore resource development and investment, energy supply, and real estate development, leasing, and management of land and buildings. Formerly known as Tokyo Gas Company, it changed its name to Tokyo Gas Co., Ltd. in July 1893, was incorporated in 1885, and is headquartered in Tokyo, Japan.

Price · split & dividend adjusted
News & notes moving 9531.JP
Japan
Energy Transition & Power Demand▼2

September Electricity Bills Rise at All 10 Major Utilities as Government Subsidies Shrink; 4 Gas Companies Also Hike

On the 28th, the 10 major electric power companies announced their electricity rates for September usage. Due to soaring energy prices caused by turmoil in the Middle East and reduced government subsidies, all companies raised rates from the previous month. The increases range from 252 yen to 509 yen, and the four major city gas companies also raised rates by 237 yen to 307 yen. The September electricity subsidy was reduced to 3.50 yen per kilowatt-hour, and Tokyo Electric Power's standard household rate rose to 8,275 yen, up 432 yen from the previous month. Chubu Electric Power saw the largest increase, while Kyushu Electric Power saw the smallest. The gas subsidy was reduced to 14 yen per cubic meter, with Tokyo Gas and Osaka Gas posting the largest increases and Saibu Gas the smallest.
About megatrends
Energy Transition & Power Demand › Firm Power & Transition Fuels ▼Pricing
9501.JP · Pricing · Negative Electricity rates rise due to reduced subsidies and higher energy costs, increasing costs for consumers but potentially improving utility revenues.
9502.JP · Pricing · Negative Electricity rates rise due to reduced subsidies and higher energy costs, increasing costs for consumers but potentially improving utility revenues.
9508.JP · Pricing · Negative Electricity rates rise due to reduced subsidies and higher energy costs, increasing costs for consumers but potentially improving utility revenues.
9531.JP · Pricing · Negative Gas rates rise due to reduced subsidies and higher energy costs, potentially impacting demand but improving revenues.
9532.JP · Supply · Negative Gas subsidy reduced and energy prices up due to Middle East turmoil, raising rates for Osaka Gas.
9536.JP · Pricing · Negative Gas rates rise due to reduced subsidies and higher energy costs, potentially impacting demand but improving revenues.
Read original ↗
時事通信·37dRead more →
United StatesJapan
Energy Transition & Power Demand▲

Alaska LNG Project Executive Highlights Short 6–7 Day Shipping to Japan and Low Geopolitical Risk

An executive at Glenfarne, the company leading the Alaska LNG project that processes and exports natural gas from the U.S. state of Alaska as LNG, emphasized the advantages for Japan and other Asian countries of a short shipping time of six to seven days and low geopolitical risk. In an interview with Jiji Press, Adam Prestidge, head of the company's Alaska LNG division, said that unlike supplies from the Middle East or Australia, Alaska LNG comes from a politically stable source, and that price terms different from those for U.S. Gulf Coast production are under discussion. The project is estimated at 44.5 to 54.5 billion dollars, with financing being arranged separately for the pipeline and the liquefaction and export facilities, and Macquarie Capital is serving as financial advisor in talks with dozens of banks. The Japanese market is one of the most important, and JERA and Tokyo Gas have shown interest in procurement, but he also expressed the view that the project would succeed even without purchases from Japan.
About megatrends
Energy Transition & Power Demand › Natural Gas Value Chain ▲Supply
Glenfarne Group, LLC · Capital · Positive Glenfarne leads the project, highlighting its progress and financing efforts.
9531.JP · Demand · Positive Tokyo Gas has shown interest in procuring Alaska LNG, which could secure supply.
JERA · Demand · Positive JERA has shown interest in procurement, potentially securing LNG supply.
NATGAS · Supply · Positive Alaska LNG project adds potential supply, but impact on futures is indirect.
Macquarie Group Limited · Capital · Positive Macquarie Capital serves as financial advisor, potentially earning fees.
Read original ↗
Jiji Press·54dRead more →
Energy Transition & Power Demand

Offshore wind faces continued headwinds as BP withdraws; government expands support to retain developers

It has emerged that British oil major BP is considering withdrawing from the consortium selected as the developer for the offshore wind project off the coast of Yuza Town in Yamagata Prefecture. The move comes against a backdrop of soaring construction costs driven by global inflation. The project is expected to continue with the remaining partners, including Marubeni, Kansai Electric Power, and Tokyo Gas, but developers in other sea areas are voicing concerns about a potential domino effect of withdrawals from consortia. In its Strategic Energy Plan released in February last year, the government set a target of raising the share of wind power in the electricity mix to around 4 to 8 percent by fiscal 2040. However, headwinds persist, as a consortium led by Mitsubishi Corporation withdrew from three sea areas off Chiba and Akita prefectures, citing rising costs. The Ministry of Economy, Trade and Industry is stepping up financial support, including expanding participation in the long-term decarbonization power source auction and raising the ceiling on revenue guarantees, in an effort to retain developers.
About megatrends
Energy Transition & Power Demand › Wind ▼Pricing
BP.LSE · Supply · Negative BP is considering withdrawing from a Japanese offshore wind project due to soaring construction costs.
8058.JP · Supply · Negative Mitsubishi Corporation-led consortium withdrew from three offshore wind areas due to rising costs.
8002.JP · Supply · Neutral Marubeni is a remaining partner in the project BP may exit, but faces potential domino effect of withdrawals.
9503.JP · Supply · Neutral Kansai Electric Power is a remaining partner in the project BP may exit, but faces potential domino effect of withdrawals.
9531.JP · Supply · Neutral Tokyo Gas is a remaining partner in the project BP may exit, but faces potential domino effect of withdrawals.
Read original ↗
時事通信·68dRead more →