Tokyo Gas Co. (9531.TO) said Tuesday that it has purchased the land needed to build a planned liquefied natural gas receiving terminal in Ibaraki prefecture, northeast of Tokyo.
Tokyo Gas Co. (9531.TO) said Tuesday that it has purchased the land
needed to build a planned liquefied natural gas receiving terminal in
Ibaraki
prefecture, northeast of
Tokyo
.
Tokyo Gas,
Japan
's
largest gas utility by sales volume, plans to build the terminal comprising a
230,000-kiloliter LNG tank, a 50,000-kiloliter liquefied petroleum gas tank, a
berth and regasification facilities, at
Hitachi
port
and to start commercial operations in the financial year that begins
April 1, 2015
.
The total cost of construction is estimated at Y120 billion, including a
pipeline linking the terminal to the nearby Kashima port, also in
Ibaraki
prefecture.
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