SoftBank, Toshiba Among Firms Interested in US-Japan Gas Project

Japanese companies including SoftBank Group, Toshiba Corp. and Hitachi Ltd. have expressed interest in participating in a US gas project announced by President Donald Trump, trade minister Ryosei Akazawa told reporters on Wednesday.Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Japanese companies including SoftBank Group, Toshiba Corp. and Hitachi Ltd. have expressed interest in participating in a US gas project announced by President Donald Trump, trade minister Ryosei Akazawa told reporters on Wednesday. Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.Other companies have also expressed interest in two additional projects, outlined by the US President, Akazawa said. Mitsui OSK Lines Ltd., Nippon Steel Corp., Modec Inc. and JFE Holdings Inc. are interested in providing supplies for a crude oil export facility project, while Asahi Diamond Industrial Co. and Noritake Co. are interested in purchasing from a synthetic industrial diamond manufacturing facility, Akazawa said. The trade minister’s comments follow a post from President Trump overnight, in which he outlined the first set of projects to be developed as part of Japan’s $550 billion commitment to avoid higher tariffs on its exports to the US. It also comes weeks before Japan’s Prime Minister Sanae Takaichi is set to meet with Trump in Washington. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.A fact sheet from the US Department of Commerce listed SB Energy (a subsidiary of SoftBank Group Corp) as the proposed operator of what it described as the largest natural gas generation projects in the world. Japanese companies are already among the biggest foreign investors in US power plants and gas developments, as utilities seek to expand outside the domestic market.The Japanese and US governments will coordinate further on the details of the projects, Takaichi said in a post on X on Wednesday morning. “We believe that this is fully aligned with the core objectives of the initiative, namely promoting mutual benefits between Japan and the US, ensuring economic security, and fostering economic growth,” she said in the post. Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2026 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.