Japanese energy companies are expanding their shale gas development operations in the United States, and their share of working interests in major gas fields in the South has risen to approximately 30%. JERA, Tokyo Gas and major trading companies are at the center of these efforts, which are expected to affect both earnings and Japan's energy security.
Japanese energy companies are expanding shale gas development in the United States, increasing Japanese companies' share of working interests at multiple production sites in the US South. Those involved say that the Japanese share of working interests in major gas fields has reached approximately 30%. The companies involved include JERA, the largest power generator in Japan, Tokyo Gas and major trading companies. This is expected to contribute both to earnings for Japan and to its energy security.
Pad-based development and production sites known as pads are scattered across Louisiana in the US South, and some blocks are undergoing subsurface development. Through these sites, Japanese companies are seeking to expand the US shale gas supply network and strengthen the stability of energy supplies.