ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Osaka Gas enters greater Tokyo, teaming with Tepco, JXTG

Hometown price war spurs utility to extend city-gas biz elsewhere

OSAKA -- Osaka Gas will reach into greater Tokyo via a city-gas production venture with Tokyo Electric Power Co. Holdings and JXTG Holdings, the first expansion by a Japanese gas provider beyond its conventional service area since deregulation in the nation's gas retail market in April.

The three companies intend to establish a caloric value adjustment facility in the Kanagawa Prefecture city of Kawasaki to produce city gas from liquefied natural gas, investing an estimated 10 billion yen ($91.6 million). Osaka Gas will contribute gas production expertise for the facility, with operations targeted to begin in 2020.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more