Competition in LNG Procurement and Sales and Structural Reform of the Natural Gas Market
First written in FY2016. 3 of 9 entries say "Worsened", first in FY2019. Latest entry: FY2025.
Japan Petroleum Exploration moved to the "Worse" side of this theme in 2018, the same year as the typical company in this theme.
The whole theme swung hardest in 2024: 8 of 21 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「In the domestic natural gas market, heightened awareness of the need to control costs amid rising prices led to weaker gas demand. In addition, competition across the energy industry continued, and the market environment became challenging for our Group.」
In the natural gas market, the impact of cost-control efforts and weaker demand caused by rising prices was reflected in actual results, in addition to the existing intensification of competition. - FY2024WorsenedAnnual report
「In the domestic natural gas market, demand declined due to surging gas and other prices amid heightened international tensions following Russia's invasion of Ukraine in February 2022 and a substantially weaker yen, in addition to continued competition across the energy industry. The market environment consequently became challenging for our Group.」
In the natural gas market, a challenging market environment was demonstrated in actual results through lower demand caused by surging prices and continued competition across the energy industry. - FY2022RestatedAnnual report
「Meanwhile, in domestic natural gas sales, competition continued across the energy industry under the full liberalisation of electricity and gas retailing, in addition to price competition with competing fuels such as petroleum products. The market environment therefore remained challenging for our Group.」
We continue to recognise price competition with competing fuels in natural gas sales and intensifying competition following the liberalisation of electricity and gas retailing. - FY2020RestatedAnnual report
「In domestic natural gas sales, in addition to price competition with competing fuels such as petroleum products, competition intensified due to increased activity by other companies in developing supply infrastructure, including LNG receiving terminals and related pipelines, near our markets, as well as the expansion of energy companies into areas outside their traditional supply regions following the full liberalisation of electricity and gas retailing. The market environment therefore remained challenging for our Group.」
We continue to recognise intensifying competition and a challenging market environment in the natural gas market. - FY2019WorsenedAnnual report
「Meanwhile, in natural gas, as crude oil prices rose and prices for petroleum products and LNG both increased, competition intensified due to increased activity by other companies in developing supply infrastructure, including LNG receiving terminals and related pipelines, near our markets, as well as the expansion of energy companies into areas outside their traditional supply regions following the full liberalisation of electricity and gas retailing. The market environment therefore remained challenging for our Group.」
Competition in the natural gas market has continued and intensified in the actual business environment, against a backdrop of supply infrastructure development by other companies and the full liberalisation of electricity and gas retailing. - FY2018-Q3MaterialisedAnnual report
「We entered the shale gas development and production project (upstream business) and the PNW business through JML in April 2013, but changes in the environment surrounding LNG led to this decision.」
In addition to changes in the LNG environment leading to the cancellation of the PNW business, the related losses were recognised during the current quarter. - FY2018-Q1MaterialisedAnnual report
「We entered the shale gas development and production project (upstream business) and the PNW business through JML in April 2013, but changes in the environment surrounding LNG led to this decision.」
Changes in the LNG market environment led to the specific outcome of shelving the commercialisation of the Pacific NorthWest LNG project. - FY2017AdvancedAnnual report
「In Japan's gas industry, as part of various deregulation measures aimed at introducing market competition, the amended Gas Business Act came into force on 1 April 2017. In addition to natural gas pipelines, which have long been subject to third-party access obligations, LNG terminals above a certain size became newly subject to mandatory third-party access under the Gas Business Act.」
The amended Gas Business Act took effect on 1 April 2017, expanding mandatory third-party access to LNG terminals as a specific change in market structure. - FY2016First statedAnnual report
「Demand for natural gas has remained elevated since the Great East Japan Earthquake, while intense competition has continued in LNG procurement and sales of regasified gas. In addition, developments concerning supply infrastructure have progressed, leaving the market environment for the group uncertain.」
While demand remains elevated, the company recognizes competition in LNG procurement and sales and the supply infrastructure environment as risks.