Press Release
November 28, 2024
Saibu Gas Co., Ltd
Final Investment Decision for the Expansion Project of Hibiki LNG Terminal by constructing the 3rd LNG Tank and related facilities
Saibu Gas Co., Ltd (Representative Director and President: Takuji KATO) has taken Final Investment Decision (FID) for the expansion project of 'Hibiki LNG Terminal' (“Project”) by constructing the 3rd LNG tank and related facilities.
The Project will contribute to establishing a low-carbon society by meeting domestic natural gas demands for carbon neutrality, while enhancing the stability of supply for our customers. It will also enable us to promote our global business through the utilization of Hibiki LNG Terminal. Additionally, it will support realizing gas decarbonization through the introduction of e-methane in the future, while strengthening energy security as a safeguard against unforeseen circumstances.
Saibu Gas Group will continue to contribute to the achievement of carbon neutrality by 2050 through the realization of further carbon reduction and decarbonization in the Kyushu region.
Note: LNG = Liquefied Natural Gas
[Project Overview]
| Developer: | Saibu Gas Co., Ltd |
|---|---|
| Construction Site: | 20-1 Koyo-machi, Wakamatsu-ku, Kitakyushu City, Fukuoka (On the premises of Hibiki L.N.G Co.,Ltd.) |
| Major facilities: | 3rd LNG Tank (230,000 kL), Gas production facilities(LNG vaporizer, BOG compressors etc.), LNG tank truck loading facilities, etc. |
| Total Project Cost: | Approximately 50 billion yen |
| Planned Start of Construction: | Around Summer 2025 |
| Planned Start of Operation: | First half of FY 2029 |
[Location map of Hibiki LNG Terminal]

[Expected completion image of Hibiki LNG Terminal expansion project]
