On January 29, Tokyo Gas announced that it would integrate the shares of the industrial gas producer/seller and LPG distributor into the new share-holding company effective on April 1 of this year.

The name of the new company is “Tokyo Gas Liquid Holdings”, which integrates the shares of 3 affiliates (Tokyo Gas Energy selling LPG, Tokyo Gas Chemical producing and selling industrial gases using LNG cold energy and Japan Super Freeze engaged in freezing and refrigerating warehouses) of which shares are owned by Tokyo Gas.

According to the Public Relations Dept. of Tokyo Gas, the company aims for upgrading its comprehensive energy business by means of integrating the human resources, technologies and know-how which scattered among the subsidiary companies. Tokyo Gas Chemical expects synergy effects in liquefied gas business with Tokyo Gas Energy and also the similar effects in utilization of LNG cold energy with Japan Super Freeze.

In the meantime, the detailed role-sharing of the 3 companies and changes in their business structures will be resolved from now on.
　
After the integration, Tokyo Gas Chemical fully owned by Tokyo Gas remains as 100% owned by the new company, Tokyo Gas portion of 66.6% of Tokyo Gas Energy (owned 33.4% by INPEX) is transferred to the new company, and Tokyo Gas portion of Japan Super Freeze (40% owned by Mitsubishi) is also transferred to the new company.