TOKYO : Tokyo Gas on Wednesday reported its highest ever yearly net profit for the 2022/23 fiscal year amid record LNG prices, but warned that next year's profit may drop because of projected lower city gas and electricity sales. Like many other major Japanese companies, Tokyo Gas has liquefied natural ga
TOKYO : Tokyo Gas on Wednesday reported its highest ever yearly net profit for the 2022/23 fiscal year amid record LNG prices, but warned that next year's profit may drop because of projected lower city gas and electricity sales.
LNG prices surged to a record in August 2022 after Russia curtailed natural gas supplies to Europe in response to sanctions imposed for its invasion of Ukraine. The increase in earnings was supported by higher LNG sales prices in Australia and North America as well as the yen's depreciation against the U.S. dollar, the company said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PetroChina signs LNG deal with Malaysia's PetronasSINGAPORE : PetroChina International Co Ltd said it has signed a sales and purchase agreement with Malaysia's Petronas to buy liquefied natural gas (LNG).The deal, signed on April 17, is the pair's first medium-to-long-term LNG sales and purchase agreement, PetroChina said in a statement on Tuesday withou
Read more »
10,000 people march, demand progress in Tokyo’s first Pride parade in 4 yearsTokyo on Sunday saw its first full Pride parade in four years, with participants calling for more progress as Japan prepares to host the 49th G7 summit next month. Since 2019, Japanese municipalities allowing same-sex couples to enter into partnership agreements have reportedly increased from 26 to around 300. Marchers said Tokyo should keep up.
Read more »
Russia looks to companies beyond Gazprom to supply gas to ChinaMOSCOW : Russia is considering supplying natural gas to China by a pipeline from companies other than Kremlin-controlled Gazprom, which currently has the monopoly for Russian pipeline gas exports, an Energy Ministry official said on Tuesday.Artem Verkhov, head of Russia's Energy Ministry's department of g
Read more »
Japan supports industrial use of generative AI, PM saysTOKYO : Japanese Prime Minister Fumio Kishida said on Tuesday the country supports the development of industrial uses of generative artificial intelligence technologies such as OpenAI's ChatGPT.Kishida met the chief executive of Microsoft-backed OpenAI in Tokyo earlier this month and has reportedly said t
Read more »
BOJ's Ueda vows to keep rates low for now, signals chance of future hikeTOKYO :Bank of Japan (BOJ) Governor Kazuo Ueda on Tuesday stressed the need to keep monetary policy ultra-loose for now, but signalled the chance of raising interest rates if inflation and wage growth overshot expectations.'In light of current economic, price and financial developments, it's appropriate to ma
Read more »
BOJ may conduct long-term review of monetary easing - sourcesTOKYO : The Bank of Japan may conduct a comprehensive review of the impact of the monetary easing steps it has taken over the longer term, an idea recently flagged by its new governor Kazuo Ueda, three sources familiar with its thinking said.But there is uncertainty on how soon, and in what format, the ce
Read more »