Business
Development

Our Projects

Invested Projects

  • Gas Malaysia (Year Joined: 1992)

    Gas Malaysia operates the transport and distribution of natural gas and LPG in Malaysia. The total pipeline length is approximately 2,200 km, and the number of customers is approximately 39,000. Gas Malaysia and Tokyo Gas Group have had a long-standing relationship since the Gas Malaysia’s inception in 1992. In 1991, Tokyo Gas Co., Ltd. participated the Petronas-led project to launch Gas Malaysia.
    For more info, please visit Gas Malaysia’s website: [Link]

  • LNG Vietnam JSC (Year Joined: 2016)

    Tokyo Gas Asia has established LNG VIETNAM JSC (“LNG VIETNAM”) aiming to conduct business activities such as LNG procurement, LNG sales, and LNG receiving terminal construction and operations together with PetroVietnam Gas JSC and Bitexco Group of Companies.

  • PVGD (Year Joined: 2017)

    PetroVietnam Low Pressure Gas Distribution Joint Stock Company (“PVGD”) is a subsidiary of PetroVietnam Gas Joint Stock Corporation established in 2007 that runs gas distribution business in Vietnam. Tokyo Gas Asia utilises its technologies and expertise in demand development and introduction of energy-saving technologies to enhance PVGD’s business value.
    For more info, please visit PVGD’s official webpage: [Link]

  • PT Panji Raya Alamindo (Year Joined: 2017)

    PT Panji Raya Alamindo (“PRA”) is a gas distribution company in Indonesia as well as a subsidiary of PT Rukun Raharja Tbk (“RAJA”). Tokyo Gas Asia utilises its knowledge and human resources in participating in the gas distribution businesses in Indonesia, and thus increases PRA’s business values.

  • One Bangkok (Year Joined: 2019)

    Bangkok Smart Energy Co., Ltd. (BSE) was established in July 2019, as a joint venture of Tokyo Gas Engineering Solutions Corporation (TGES)*, Mitsui & Co., and Gulf Energy Development Public Limited. BSE partners with the TCC group company – One Bangkok Co., Ltd. – to invest in a first urban district cooling and power distribution business to supply One Bangkok development in Bangkok, Thailand, and to execute utility development agreement. One Bangkok is a fully-integrated district and the largest private sector property development in Thailand’s history on a 16.7-hectare plot in Bangkok’s city center. The first urban district cooling center and power distribution system will undertake chilled water and electricity supply to the 16-building mixed-use district for 30 years. For more info, please visit Gas Malaysia’s website: [Link]

    *100% subsidiary of Tokyo Gas Co., Ltd.

  • PT Super Energy Tbk (Year Joined: 2020)

    PT Super Energy Tbk (“SE”) is a subsidiary of PT Super Capital Indonesia that runs gas distribution business. Tokyo Gas Asia acquired 33.4% of the shares in SE and also acquired approximately 18% of the shares in PT Energy Mina Abadi, which is in charge of the gas distribution business under SE.

  • FGEN LNG (Year Joined: 2025)

    Tokyo Gas has been collaborating with First Gen Corporation - the parent company of FGEN LNG Corporation - through a Joint Development Agreement signed in December 2018 and a Mutual Cooperation Agreement signed in October 2020. Together, the companies have advanced the development and construction of the LNG terminal in Batangas City, utilizing a Floating Storage and Regasification Unit (FSRU). Tokyo Gas will apply the operational expertise it has developed over many years in Japan’s LNG terminals to the operation and maintenance of this facility.

Developing Projects

  • Quang Ninh LNG Power

    In November 2022, Tokyo Gas established Quang Ninh LNG Power JSC (“QNLP”), together with its partner PV Power, COLAVI, and Marubeni. QNLP aims to conduct feasibility study for the LNG to power project in Cam Pha District, Quang Ninh Province, Vietnam, which includes an onshore LNG receiving terminal and a 1.5 GW gas-fired power plant. The scope of the project ranges from the development, construction and operation of the power plant and LNG receiving terminal, and LNG procurement to selling electricity to Vietnam Electricity Group.

  • Thai Binh LNG Power

    Tokyo Gas established Thai Binh LNG Power Joint Stock Company (“TBLP”), together with Truong Thanh Viet Nam Group and Kyuden International Corporation. TBLP has developed the LNG-to-power project in Thai Thuy District, Hung Yen Province (previously the location was called Thai Binh Province but was merged in July 2025), Vietnam. The project includes the development of an offshore LNG receiving terminal and a 1.5 GW natural gas–fired power plant. The scope covers the full value chain—from the development, construction, and operation of the facilities to LNG procurement and electricity sales to Vietnam Electricity (EVN).

  • V1-2EX Nearshore Wind Power

    Tokyo Gas has reached an agreement with Truong Thanh Viet Nam Group Joint Stock Company (TTVN) and Truong Thanh Energy Joint Stock Company to invest in Truong Thanh Duyen Hai Wind Power Joint Stock Company, which engages in the development, construction, and operation of wind power projects in Vietnam. Through this investment, Tokyo Gas will participate in a nearshore wind power project along the coast of Vinh Long Province, Vietnam. The Project involves expanding an existing nearshore wind power plant (in operation since 2021, with a generation capacity of 48 MW) developed by TTVN along the coast of Vinh Long Province, by adding a new 48 MW of power generation capacity. A business feasibility assessment, considering economic viability and technical feasibility, will be conducted in 2025, with the final investment decision targeted for 2026.