Tokyo Gas initiates US e-methane business through new unit
Japanese utility Tokyo Gas on March 19 unveiled plans to establish Tokyo Gas GX1 (TGX1) in the US as a unit of its wholly owned subsidiary, Tokyo Gas America, with operations set to commence in April. TGX1 will spearhead the development of an e-methane business.
Tokyo Gas aims to create an overseas supply chain for e-methane spanning the US, Southeast Asia, the Middle East, and Australia.
“The US in particular is considered a highly promising region for early development of a supply chain, as it already has infrastructure enabling stable sourcing of the renewable energy and CO2 needed to produce e-methane,” Tokyo Gas said.
“The launch of TGX1 will accelerate the development of the e-methane business in the US and will enable the early establishment of the supply chain,” it added.
As part of its broader strategy, Tokyo Gas envisions introducing e-methane equivalent to 1% of its gas sales volume by 2030, marking a significant milestone toward the comprehensive real-world deployment of this resource.
Furthermore, on March 22, Tokyo Gas and Mitsui & Co. announced a collaboration to import biomethane from the US to Japan.