The government said in November it was slashing its electricity tariffs over the winter to boost consumption and cut the use of natural gas for heating.
New Fortress further states that this 300 TBTU per year could be achieved with 2,960 megawatts (MW) of natural gas power generation running 80% of the time.
Elliott had hinted at Tokyo Gas’ chances of improving capital efficiency by divesting a few assets from the company’s extensive real estate portfolio that are non-core to its main energy business.