Diversification of LNG Sourcing Regions and Price Indices for Low-Cost, Stable Supply
First written in FY2016. 7 of 10 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2026.
2 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In core businesses such as city gas and LPG, the Company increased its customer base, diversified LNG procurement regions, including by beginning to receive LNG from Canada, and advanced projects such as the development of high-pressure pipelines.」
The start of LNG receipts from Canada moved the effort to diversify procurement regions into the actual receiving stage. - 2026-03-31AdvancedManagement Planning
「In fiscal 2026, while continuing to make stable procurement our basic policy, we will develop a framework for expanding transactions. We also plan to complete an LNG vessel in which the Group has invested, as an initiative that will contribute to procurement flexibility in the future.」
The Company indicated that it will continue diversifying LNG procurement regions and maintaining stable procurement, while developing a framework to expand transactions and planning the completion of an LNG vessel in which it has invested. - FY2022-Q2AdvancedAnnual report
「The transaction was intended to expand earnings and strengthen feedstock procurement. Date of business combination: 27 July 2021; voting rights acquired: 100%; consideration for acquisition: cash, US$64 million.」
The liquefied natural gas business company on Canada's West Coast was included in the scope of consolidation as Toho Gas Canada Ltd. from the current second-quarter consolidated accounting period, and the objectives of expanding earnings and strengthening feedstock procurement were disclosed. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 31 March 2021, the Company resolved to acquire the shares of DIAMOND LNG CANADA INVESTMENT LTD. and make it a subsidiary, and completed the acquisition procedures on 27 July 2021.」
The Company completed the acquisition of a liquefied natural gas business company on Canada's West Coast to expand its involvement in the LNG value chain and strengthen feedstock procurement. The acquisition ratio was 100%, and the consideration was US$64 million. - FY2021AdvancedAnnual report
「To procure LNG at low cost and with stable supply, our group is working to establish a stable procurement structure by diversifying LNG procurement regions and to operate receiving terminals flexibly. We are also strengthening our involvement in the LNG value chain through investments in upstream interests and midstream businesses, as well as investments in LNG vessels.」
In addition to diversifying procurement regions and operating receiving terminals flexibly, the company added involvement in the value chain through upstream interests, midstream businesses and investments in LNG vessels as specific initiatives. - FY2020AdvancedAnnual report
「August 2019: Start of US LNG imports」
As a specific development in diversifying procurement regions, the company reported the start of US LNG imports. - FY2017RestatedAnnual report
「We will achieve stable procurement of low-cost energy by diversifying LNG contract structures, price indicators and procurement regions, and utilizing LNG Tank No. 3 at the Chita Midorihama Plant, which was completed last year.」
The procurement policy of diversifying procurement terms and regions and utilizing the completed tank continues to be presented. - FY2017-Q3RestatedAnnual report
「There were no significant changes in major facilities during the cumulative third quarter of the consolidated fiscal year. The Chita Midorihama Plant BOG reliquefaction facility, which had been under planning at the end of the previous consolidated fiscal year, was completed in June 2016, LNG Tank No. 3 at the Chita Midorihama Plant was completed in July 2016, and the transmission trunk line (the Mie trunk line, between Suzuka and Kawai) was completed in August 2016.」
There were no new significant changes in major facilities, while the completion of facilities related to the Chita Midorihama Plant and the transmission trunk line was reiterated. - FY2017-Q2AdvancedAnnual report
「At the end of the previous consolidated fiscal year, the Chita Midorihama Plant BOG reliquefaction facility, which had been under planning, was completed in June 2016, LNG Tank No. 3 at the Chita Midorihama Plant was completed in July 2016, and the transmission trunk line (the Mie trunk line, between Suzuka and Kawai) was completed in August 2016.」
Among the facilities intended to ensure stable supply and lower prices, LNG Tank No. 3 at the Chita Midorihama Plant was completed in July 2016. - FY2016First statedAnnual report
「We will diversify price indicators and procurement regions for LNG to achieve stable procurement and lower prices. We will also work to ensure a stable city gas supply by utilizing facilities including LNG Tank No. 3 at the Chita Midorihama Plant, scheduled for completion this year.」
The company combines diversification of its procurement portfolio with the use of LNG Tank No. 3 at the Chita Midorihama Plant.