Tokyo Gas eyes U.S. shale gas acquisitions

Tokyo Gas eyes U.S. shale gas acquisitions

Tokyo Gas of Japan is eyeing investment into U.S. shale gas production as a hedge to LNG imports. 

According to the company’s board member and executive adviser, Shigeru Muraki, Tokyo Gas signed deals to import 1.9 million tons of LNG per year but now looks to secure equal volume in shale gas production.

Muraki said the company is looking to expand its investment in shale gas production in the United States as it could be a natural hedge for LNG, Reuters reports.

He adds that U.S. gas remains competitive to oil-indexed prices as long as oil is at $70 a barrel.

Muraki notes that until 2020, LNG is expected to remain in oversupply with a further 20 mtpa drop in demand predicted as soon as Japan restarts its nuclear power-generation capacity.

India, Southeast Asia and Middle East could ease the drop in demand, but Muraki adds that currently these are only slight increases in volume.

LNG World News Staff; Image: API

Share this article

Follow LNG World News


<< Dec 2017 >>
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018…

read more >

CWC Japan LNG & Gas Summit

The inaugural CWC Japan LNG & Gas Summit, with participation and support from METI, JERA, Tokyo Gas and IEEJ, is the dedicated platform for international suppliers…

read more >

Asia Pacific Maritime and Offshore Exhibition 2018

7 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia…

read more >

CWC 2nd Papua New Guinea Petroleum & Energy Summit

The 2nd CWC Papua New Guinea Petroleum and Energy Summit is held under the patronage of the Prime Minister of Papua New Guinea…

read more >