The company claims to be advancing the expansion and optimization of both upstream and downstream segments of its natural gas and LNG business in Japan and overseas, including its participation in a shale gas development project in the Eagle Ford Basin in the United States, in which it invested last year.
Shizuoka Gas aims to expand its value chain in the natural gas and LNG business, from upstream to downstream, both in Japan and overseas, and to establish a business portfolio that achieves both stability and profitability.
This will be accomplished by combining the business foundation cultivated through its energy business with initiatives based on its strategic partnership with MidOcean. The company plans to continue to expand its overseas business toward the achievement of its Vision 2030.
Recently, MidOcean Energy made a move to increase its stake in an LNG project off the northwest coast of Western Australia (WA). LNG is also increasingly being used as a pawn in geopolitical power games , as illustrated by the recent events in the Middle East.