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Tokyo Gas sets up LNG trading subsidiary

TG Global Trading will lead the further development of its parent company’s LNG trading business.

Announcing the new subsidiary, Tokyo Gas said that it sees the global LNG demand growth centred in Asia and the increasing liquidity of the LNG market as ‘an opportunity to expand the LNG trading business by maximising and optimising assets – storage tanks, LNG vessels and LNG sales and purchase agreements – owned by Group’.

In its Compass 2030 strategy, the company has set itself a goal of increasing its natural gas transaction volume to 20 million tons, which includes expanding its LNG trading volumes to 5 million tons by 2030.

Lesley Bankes-Hughes

Lesley Bankes-Hughes