SHIZUOKA GAS CO., LTD. (President: Mr. Hiroshi Tonoya; hereinafter “Shizuoka Gas”) announced of the establishment of its wholly-owned subsidiary SHIZUOKA GAS TRADING PTE. LTD. on January 3rd, 2017.

 

Shizuoka Gas opened its representative office in Singapore (hereinafter “Singapore Office”) in April 2015 and has been expanding the business networking with several LNG players and performing market research activities to pursue the possibilities of lowering LNG procurement costs and enhancing the value of Shimizu LNG Terminal which is operated by a subsidiary of Shizuoka Gas in Japan throughout the new services such as LNG reloading.

 

Shizuoka Gas has recently turned Singapore Office into the local subsidiary in order to achieve the further expansion of its activities in Singapore in relation to LNG trading business and new business developments.
The new company, SHIZUOKA GAS TRADING PTE. LTD., will act as a front office in LNG trading business of Shizuoka Gas and continue to make efforts for the reduction of LNG procurement costs. Furthermore, it will play an important role as a foothold to develop the new businesses in Asia Pacific region while functioning as a global training platform in human resources of Shizuoka Gas.

 

Shizuoka Gas continuously contributes to securing safe and stable supply of energy and meeting various customer’s needs through its new business developments.

Overview of New Company