Notice Regarding Equity Participation in LNG Business Company

Shizuoka Gas Co., Ltd. (President and Representative Director: Naotake Matsumoto) announced today its decision to invest USD 100 million through funds managed by EIG — one of the world's leading institutional investment firms specializing in energy and infrastructure — in MidOcean Energy ("MOE"), an LNG business company established and operated by EIG, and to form a strategic partnership with MOE.

MOE, in which Shizuoka Gas is investing, holds a portfolio of LNG project interests located in Australia, Canada, Peru, and other countries. By diversifying risk across individual projects, MOE has built an integrated LNG value chain spanning upstream gas field development through liquefaction, sales, transportation, and optimization trading. This investment provides Shizuoka Gas with indirect access to an LNG business portfolio that includes upstream and midstream segments that would otherwise be difficult to participate in directly, and contributes to expanding the company's business scope in the natural gas and LNG fields.

The Shizuoka Gas Group has developed its business leveraging its strengths in the natural gas and electricity value chain and a customer base supported by long-standing relationships of trust. Building on these strengths, the Group is advancing expansion and optimization of both upstream and downstream natural gas and LNG businesses domestically and internationally, including the shale gas development project in the Eagle Ford Basin in the United States in which it invested last year. This investment represents one of those concrete initiatives.

By combining the business foundation cultivated through its energy operations with initiatives based on the strategic partnership with MOE, the Shizuoka Gas Group aims to expand its natural gas and LNG value chain from upstream to downstream both domestically and internationally, and to establish a business portfolio that achieves both stability and profitability. The Shizuoka Gas Group will continue to actively develop its overseas businesses toward achieving its 2030 Vision.

The impact of this matter on the full-year consolidated financial results for the fiscal year ending December 2026 is currently under review, and any disclosures required will be made promptly.

[Company Overview] 1. MidOcean Energy Company NameMidOcean EnergyHeadquartersLondon, United KingdomRepresentativeDe la Rey VenterFounded2023Business DescriptionAn LNG business company established and operated by EIG, aimed at building a global LNG portfolio that is diverse, cost-competitive, and capable of reducing carbon emissions. This is based on the view that LNG is lower-carbon and more competitive than other fossil fuels and plays an important role in the global energy system.