Komori
Business alliance9543SHIZUOKA GAS CO.,LTD.Electricity and gas

Notice regarding an equity investment in an LNG company

静岡ガス has decided to invest US$100 million in MidOcean Energy (MOE), an LNG company established and operated by EIG, and establish a strategic partnership. Through this investment, it will indirectly participate in an LNG business portfolio that includes upstream and midstream operations.

Worth reading
62In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
100
USD million
Wording
Conditional
How definitive the wording is.

Agreements reached under this partnership

Capital and Business Alliance
9543SHIZUOKA GAS CO.,LTD.
Alliance partnerMidOcean Energy / EIG
Capital and personnel relationships

This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).

Acquisition priceUS$100 million
About the partner
Business DescriptionMidOcean Energy: An LNG company established and operated by EIG that aims to build a diverse global LNG portfolio capable of combining cost competitiveness with reduced carbon emissions. It participates in multiple LNG projects, including LNG Canada, Gorgon LNG, Pluto LNG, QCLNG and Peru LNG. / EIG: One of the world's leading institutional investment firms specializing in the energy and infrastructure sectors, making private investments in energy and related infrastructure globally.
LocationLondon, United Kingdom / Washington, D.C., United States
Impact on Business Performance

The impact on consolidated full-year results for the fiscal year ending December 2026 is currently under review. If any matter requiring disclosure arises, it will be announced promptly.

Date of board resolution26 March 2026
Agreements reached under this partnership
ItemDetails
Name of alliance partnerMidOcean Energy, EIG
Alliance partner's business activitiesMidOcean Energy: An LNG company established and operated by EIG that aims to build a diverse global LNG portfolio capable of combining cost competitiveness with reduced carbon emissions. It participates in multiple LNG projects, including LNG Canada, Gorgon LNG, Pluto LNG, QCLNG and Peru LNG. / EIG: One of the world's leading institutional investment firms specializing in the energy and infrastructure sectors, making private investments in energy and related infrastructure globally.
Alliance partner's locationLondon, United Kingdom, Washington, D.C., United States
Type of allianceCapital and Business Alliance
Acquisition priceUS$100 million
Date of board resolution26 March 2026
Impact on Business PerformanceThe impact on consolidated full-year results for the fiscal year ending December 2026 is currently under review. If any matter requiring disclosure arises, it will be announced promptly.
Items this document does not state (16)
Alliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeDetails of the allianceNumber of shares acquiredShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyContract DateAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To indirectly participate in an LNG business portfolio, including upstream and midstream operations in which direct participation by the Company alone would be difficult, and expand its business domain in the natural gas and LNG sectors. The Company also aims to expand the value chain for its natural gas and LNG businesses in Japan and overseas and establish a business portfolio that combines stability and profitability.

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Notice regarding an equity investment in an LNG company | SHIZUOKA GAS CO.,LTD. (9543) timely disclosure | Komori