Tokyo Gas’s Energy Investment Strategy: How Japan’s Leading Gas Company Ensures Stable Supply

Japanese Company

Tokyo Gas, one of Japan’s leading gas companies, does much more than just deliver gas and electricity to households and businesses. To ensure a stable supply, it invests in overseas projects, reviews its reliance on Russian LNG, and explores domestic offshore wind energy.

This article summarizes Tokyo Gas’s strategy, focusing on where it invests, who it receives money from, and its main objectives.

「ロシア産から切り替え可能」 LNG他国産に、東京ガス社長(共同通信) - Yahoo!ニュース
 東京ガスの笹山晋一社長(63)は、液化天然ガス(LNG)輸入の約1割を占めるロシア産の一定程度を他国産に切り替えられるとの認識を示した。共同通信の取材に「今の状況であれば、他のプロジェクトや市場か
東京ガス・笹山社長「北米シェールガス事業にしっかり投資」…アラスカ州産LNG調達も検討続ける考え(読売新聞オンライン) - Yahoo!ニュース
 東京ガスの笹山晋一社長が、読売新聞のインタビューに応じた。10月に発表した新たな中期経営計画で柱の一つとした海外事業について、「北米でのシェールガス事業にしっかり投資して収益を上げていく」と強調し

1. Earning Overseas: North American Shale Gas

  • Investment Target: Shale gas companies in the United States
  • Energy Type: Natural gas (LNG)
  • Purpose:
    • Produce and sell gas overseas to earn profits
    • Meet growing electricity demand, such as from data centers in the U.S.
  • Money Flow:
Tokyo Gas → Investment → North American shale gas company → Profit dividends → Tokyo Gas

2. Ensuring Stable Supply to Japan: Alaska LNG & Russian LNG

Alaska LNG (Under Consideration)

  • Investment Target: LNG project in Alaska
  • Purpose: Ensure stable LNG supply to Japan if conditions are met
  • Future Money Flow:
Tokyo Gas → LNG purchase → Alaska LNG project → LNG supply → Households & businesses → Gas fees → Tokyo Gas

Russian LNG (Sakhalin-2 Project)

  • Investment Target: Sakhalin-2 project in Russia (Japanese trading companies hold equity)
  • Purpose: Stable domestic supply
  • Money Flow:
Households & businesses → Gas fees → Tokyo Gas → Trading companies & project operators → LNG supply → Tokyo Gas delivers domestically
  • President’s Comment:

“The immediate cessation of Russian LNG is unlikely; we can switch to other sources if needed.”


3. Renewable Energy Initiatives

Domestic Offshore Wind

  • Location: Off the coast of Yamagata Prefecture
  • Energy Type: Wind power
  • Purpose: Decarbonization and domestic electricity supply
  • Status: High construction costs; under careful review
  • Money Flow:
Tokyo Gas → Investment → Project company → Power generation & technology utilization → Future revenue & knowledge

Technology Investment (U.S.)

  • Company: Principle Power
  • Focus: Offshore wind turbine technology
  • Purpose: Apply knowledge to future domestic offshore wind projects
  • Money Flow:
Tokyo Gas → Investment → Technology company → Technology & know-how → Domestic projects


Key Takeaways:

  • Tokyo Gas does more than collect gas fees domestically; it invests overseas and in renewable energy.
  • Its strategy balances earning overseas, ensuring domestic supply, and preparing for a renewable future.
  • By understanding the flow of money and energy, we can see how Tokyo Gas maintains stable energy delivery in Japan while expanding into global and sustainable markets.

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