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.
