Tokyo Gas Plans US$1.1 Billion LNG Terminal, Pipelines
Tokyo Gas Co., Japan’s largest natural gas distributor, plans to spend US$1.1 billion to build an import terminal for liquefied natural gas and pipelines to capture demand north of Tokyo.
The utility aims to start commercial operations at the terminal, in Hitachi city, Ibaraki prefecture, in 2015. The 90 km pipeline will connect with existing lines that supply the capital area. Tokyo Gas will build a gasification plant, a shipping berth and a tank that can hold 200 000 kiloliters of LNG. The terminal will be the company’s fourth in the region. It has two terminals in Kanagawa prefecture and a third in Chiba.
Tokyo Gas sales are set to grow to 16.4 billion cubic meters, or 11.2 million customers, in the year ending March 2014, compared with 14.1 billion cubic meters, or 10.5 million users, in fiscal 2008, according to its mid-term business plan released in January 2009.