Participation in the U.S. Freeport LNG Project
First written in FY2024. 2 of 4 entries say "Advanced", first in FY2025-H1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「The ¥4.3 billion increase in investment profit from the equity method was attributable mainly to Gulf Coast LNG Holdings LLC, which participates in the Freeport LNG project in Texas, U.S., and in which the company acquired a partial interest in June 2024, contributing earnings for the full current consolidated fiscal year.」
The Freeport LNG project contributed earnings for the full fiscal year and was a factor behind the ¥4.3 billion increase in investment profit from the equity method. - FY2025RestatedAnnual report
「The affiliated company Gulf Coast LNG Holdings LLC participates in the Freeport LNG project in Texas, U.S.」
The company has continued its participation in the Freeport LNG project and Gulf Coast LNG Holdings LLC's status as an equity-method affiliate. - FY2025-H1AdvancedAnnual report
「During the current interim consolidated fiscal year, the company acquired an interest in Gulf Coast LNG Holdings LLC and therefore included it within the scope of the equity method.」
The acquisition of an interest in Gulf Coast LNG Holdings LLC related to the Freeport LNG project was completed, and the company was reflected within the scope of consolidation as an equity-method affiliate. - FY2024First statedAnnual report
「Through its participation in the Freeport LNG project, a business that liquefies natural gas procured from the U.S. market into LNG at an LNG production facility near Freeport, Texas, and exports it, the company aims to secure stable, long-term cash flow in the United States, which has relatively low country risk, and to further expand earnings through future facility expansions.」
The company disclosed its participation in an overseas LNG supply infrastructure project by acquiring a 15% interest in Gulf Coast LNG Holdings LLC for US$379 million in June 2024.