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Tokyo Gas CFO: We Don’T Anticipate Any Issues With Lng Supply During Winter Demand Season As We Procure More Than 90% Of Our Lng Under Long-Term Contracts

By Reuters News

Oct 29 (Reuters) - Tokyo Gas Co Ltd 9531.T:

  • TOKYO GAS CFO: WE ARE CONTINUING DISCUSSIONS WITH PARTNERS WITH A VIEW TO REALISING OFFSHORE WIND PROJECT IN YAMAGATA PREFECTURE

  • TOKYO GAS CFO: WE ARE CONTINUING OUR EFFORTS IN AREAS SUCH AS TECHNOLOGICAL DEVELOPMENT IN FLOATING OFFSHORE WIND POWER, BUT DECLINE TO COMMENT ON SPECIFIC PROJECT PLAN

  • TOKYO GAS CFO: WE DON’T ANTICIPATE ANY ISSUES WITH LNG SUPPLY DURING WINTER DEMAND SEASON AS WE PROCURE MORE THAN 90% OF OUR LNG UNDER LONG-TERM CONTRACTS

  • TOKYO GAS CFO: WE WILL SEEK TO CAPITALISE ON LNG TRADING OPPORTUNITIES WITHIN LIMITS OF OUR RISK MANAGEMENT CAPABILITIES

Source text: [ID:]

Further company coverage: 9531.T

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