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9531 — Tokyo Gas News Story

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Brief: Tokyo Gas President: Currently No LNG Procurement From Middle East But We Remain Prepared To Ensure Stable Supply

March 25 (Reuters) - Tokyo Gas Co Ltd 9531.T President:

ALTHOUGH THERE ARE CURRENTLY NO LNG PROCUREMENT FROM THE MIDDLE EAST, WE REMAIN PREPARED TO ENSURE A STABLE SUPPLY

WE MAINTAIN COMMUNICATION WITH AUSTRALIAN GOVERNMENT OFFICIALS AS NEEDED AND URGING THEM TO ENSURE THERE ARE NO DISRUPTIONS TO EXISTING OPERATIONS OR STABLE ENERGY SUPPLY

IF MANUFACTURING CUSTOMERS SCALE BACK OPERATIONS DUE TO A SHORTAGE OF NAPHTHA OR SIMILAR FACTORS, THIS COULD HAVE AN IMPACT ON OUR GAS SALES

AS WE PROCURE LPG UNDER LONG-TERM CONTRACTS, THERE IS NO IMMEDIATE IMPACT FROM THE MIDDLE EAST CRISIS

MAY CONSIDER INVESTING IN COMPANIES PLANNING TO BUILD LNG EXPORT TERMINALS IN U.S. BUT WITH COSTS RISING WE NEED TO ASSESS ECONOMIC VIABILITY

Further company coverage: 9531.T

 (Reporting by Yuka Obayashi)

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