Global energy demand continues to increase, together with global population. Out of available natural resources, Liquified Natural Gas (LNG) generates comparably less carbon dioxide and is a source of energy that is increasing in transaction volume.
Although LNG is a key raw material for both city gas and electricity, the material cost including transaction cost takes up more than 50% of the total costs of city gas and electricity prices. Energy importing countries such as Japan and Singapore rely heavily on energy commodity trading which requires considerable volume of document transactions. Additionally, we, Tokyo Gas, import LNG from more than 10 countries. These add to the high transaction costs. Could we introduce smart contracts in LNG trading to make transactions more efficient and reduce risk of trading delay and document falsification? This could contribute 50% cost saving of the transaction cost.
PARTNERS WE ARE LOOKING FOR
Do you have a business model that makes efficient and secure LNG trading, or technology related to blockchain, process automation, or secure transactions? Or, do you have a platform that efficiently connects LNG buyers and sellers? If you do, please get in touch with us so that we can have further conversations.
We are part of DBIC Accelerator Program and are looking for a partner who can jointly conduct a small market test to validate our idea in Singapore or Southeast Asia in August and September 2018. Our demo day is in October 2018.
The deadline for applications is Tuesday 31 July 2018. Please use below form to express your interest. We will be in touch with you to take our conversations forward if your solution suits our needs.
Tokyo Gas Co., Ltd.
Established in 1885, Tokyo Gas Co., Ltd. is Japan's largest provider of city gas, serving more than 11 million customers for over 130 years, primarily in the Tokyo metropolitan area and surrounding Kanto region. Sales of $14.5 billion with 16,800 employees (consolidated). For more information, please visit:
Tokyo Gas i Net Corp.
Established in 1987, Tokyo Gas i Net Corp. is a group company of Tokyo Gas, focusing on information processing service, software development and sales of computer equipment. 725 employees. For more information, please visit:
http://www.tg-inet.co.jp/ (Japanese only)