en.Wedoany.com Reported - Cosmo Energy stated in its business plan for fiscal year 2035 that it is considering developing new power sources such as offshore wind and LNG gas-fired thermal power generation.

According to a presentation released on the company's website, its development plan for the next decade covers onshore wind, offshore wind, solar power, and LNG gas-fired thermal power generation, aiming to build a power portfolio that includes "stable" power sources.

Regarding LNG gas-fired thermal power generation, Cosmo Energy pointed out that the key to optimizing the power supply configuration lies in "utilizing refining assets located in coastal industrial complexes, including reusable oil facilities and expertise, and collaborating with synergy partners."

Another key point is "going beyond green electricity to encompass cost-effective, low-carbon, and decarbonized fuels."

Cosmo Energy plans to invest 800 billion yen (approximately $4.96 billion) in business growth over the next decade.

Of this, 200 billion yen (approximately $1.24 billion) will be invested in the power supply chain, which covers both LNG gas-fired thermal power generation and renewable energy.

According to the presentation, as part of its plan to optimize the power structure, the company aims to achieve a generation capacity of 2,000 megawatts, including LNG power generation, by fiscal year 2035.

Cosmo Energy did not provide further details on the LNG power plant plan.

China and Japan are both the world's largest LNG importers. From January to May, Japan's LNG terminals received approximately 26.15 million tons of LNG, while China received 22.76 million tons during the same period.

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