Key facts
- Tokyo Gas is involved in operating a floating LNG terminal in the Philippines.
- The company aims to use this project to expand its reach in Southeast Asia.
- The strategy involves helping countries build import infrastructure as their domestic gas fields deplete.
Tokyo Gas is participating in the operation of a floating storage and regasification unit in Batangas Bay, Philippines. The Japanese utility aims to leverage this project to expand its presence and the use of floating liquefied natural gas terminals across Southeast Asia. This strategic move is intended to help countries in the region build necessary import infrastructure as their domestic gas fields begin to decline, while also accelerating Tokyo Gas's own pivot away from its traditional focus on supplying gas to homes in Japan. The company sees this as a stepping stone to further expansion into markets like Malaysia, Vietnam, and Indonesia.
