Tokyo Gas, Japan’s largest city gas provider, has plans to direct more of its overseas investments in the U.S. as part of broader plans to expand its presence in the downstream energy sector.
Tokyo Gas is eyeing investments in assets like liquefaction plants, export terminals and the energy services sector, Tokyo Gas President Shinichi Sasayama told Bloomberg News in an interview.
Tokyo Gas has set aside ¥350 billion for overseas investments for the next three years starting from fiscal 2026.
Sasayama said the majority of those funds will be used to develop and make the company’s shale gas assets profitable.
Tokyo Gas has a subsidiary Rockcliff Energy II, a Texas natural-gas producer, which it acquired in 2023.
It also has a stake in gas marketing and trading firm Arm Energy Trading.
The company’s planned expansion into the U.S. comes as U.S. President Donald Trump rolls back climate commitments. Demand for gas-fired electricity is also up amid a surge in power use from AI and data centres.
Sasayama said the company also has a list of target assets to sell moving forward. Tokyo Gas will continue to retain real estate assets that complement its core energy business, including properties with energy-supply facilities, he said.
