Japan’s Tokyo Gas targets US to grow and develop LNG business

Tokyo Gas aims to expand into mid- and downstream operations in the US and into LNG trading, under a future growth strategy released to coincide with its 140^th anniversary this year.

The Japanese energy company is targeting an 8% return on equity in 2025 and net income of Y131bn, focusing on the three key strands of domestic energy, urban development and overseas business.

Alongside LNG, another key international driver will be “ensuring profitability in our shale gas business,” the company said.