Deals Counterparts

TES, TotalEnergies, Osaka Gas, Toho Gas, and ITOCHU Partner on Live Oak e-NG Project in Nebraska

Partnership HydrogenGasGreen Hydrogen signed Nebraska, United States Dec 2, 2025
250 MW
Capacity
development
Stage
Live Oak project
Project

TES and TotalEnergies, the initial developers, have partnered with Osaka Gas, Toho Gas, and ITOCHU to advance the Live Oak project in Nebraska, a large-scale facility for electric natural gas (e-NG) production. The Japanese companies have acquired a combined 33.3% stake through a Joint Development and Operating Agreement, with TES and TotalEnergies each retaining 33.35%. This strategic partnership aims to produce e-NG from renewable hydrogen and biogenic CO₂, targeting commercial operations by 2030, with Osaka Gas and Toho Gas serving as primary offtakers for export to Japan, supporting their decarbonization goals.

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Deal Analysis

The Live Oak e-NG project in Nebraska, initially developed by TES and TotalEnergies, has secured a significant strategic partnership with Japanese entities Osaka Gas, Toho Gas, and ITOCHU. This joint development and operating agreement sees the Japanese consortium acquire a combined 33.3% stake, with TES and TotalEnergies each retaining 33.35%. The collaboration aims to establish a large-scale 250 MW facility for the production of electric natural gas (e-NG) from renewable hydrogen and biogenic CO₂, targeting commercial operations by 2030. This partnership is strategically vital for the Japanese companies, particularly Osaka Gas and Toho Gas, who will serve as primary offtakers, securing a long-term supply of e-NG to support their decarbonization objectives for export to Japan. This deal is notable for several reasons, primarily the cross-border collaboration between major global energy players and prominent Japanese utilities and a trading house. The involvement of Osaka Gas and Toho Gas as committed offtakers de-risks the project significantly, providing a clear demand pathway for the nascent e-NG product. The project's scale at 250 MW underscores a serious commitment to developing synthetic methane as a viable decarbonization solution. Furthermore, the partnership leverages the development expertise of TES and TotalEnergies with the financial strength and market access of the Japanese partners, creating a robust framework for advancing this complex green hydrogen-to-e-NG value chain. The market for e-NG, or synthetic methane, is an emerging but rapidly growing segment within the broader green hydrogen and decarbonization landscape. It offers a pathway to utilize existing natural gas infrastructure for carbon-neutral energy delivery, making it particularly attractive for regions like Japan that are heavily reliant on gas imports and face significant decarbonization targets. This deal highlights the increasing global interest in power-to-gas technologies as a means to store and transport renewable energy, providing a flexible solution for hard-to-abate sectors and supporting energy security while reducing emissions.
  • Strategic cross-border partnership involving major global and Japanese energy players.
  • Focus on large-scale e-NG production (250 MW) from renewable hydrogen and biogenic CO₂.
  • Japanese utilities (Osaka Gas, Toho Gas) as primary offtakers for export to Japan, de-risking the project.
  • Leverages diverse expertise from specialized developer, global energy major, and Japanese trading/utility companies.

Source Intelligence

KEY DETAILS

The Japanese companies (Osaka Gas, Toho Gas, and ITOCHU) have acquired a combined 33.3% stake in the project. TES and TotalEnergies will each maintain a 33.35% stake. The project is currently under development and preparing the Front-End Engineering Design (FEED) phase. ITOCHU is mentioned as a 'coordinator of Japanese companies'. The Live Oak project will leverage Nebraska’s abundant biogenic CO₂ resources, captured from bioethanol plants, and the growing renewable power generation capacity in the United States. The agreement builds on a strategic partnership established between TES and TotalEnergies in 2023 to pioneer at scale production of e-NG. e-NG is a synthetic gas produced from renewable hydrogen and CO₂ and can be seamlessly integrated into existing LNG infrastructure.

Capacity
targeting a capacity of approximately 250 MW of electrolysis and 75 ktpa of methanation.
Location
Live Oak project — a large-scale facility to produce electric natural gas (e-NG) also known as e-methane, initiated by TES and TotalEnergies and currently under development in Nebraska, United States.
PPA Details
Osaka Gas and Toho Gas will be the primary offtakers.
Announcement
Press Release December 2, 2025
Signing
December 2, 2025 – TES, TotalEnergies, Osaka Gas, Toho Gas, and ITOCHU have signed a Joint Development and Operating Agreement
COD
is scheduled to begin commercial operations by 2030
Expected Close
The project, subject to a Final Investment Decision in 2027
PARTIES MENTIONED IN SOURCE
T
TES developer

"TES and TotalEnergies, the initial developers, have partnered with Osaka Gas, Toho Gas, and ITOCHU to advance the Live Oak project in Nebraska...initiated by TES and TotalEnergies and currently under development in Nebraska, United States. Following the agreement, TES and TotalEnergies will each maintain a 33.35 % stake in the project."

T
TotalEnergies developer

"TES and TotalEnergies, the initial developers, have partnered with Osaka Gas, Toho Gas, and ITOCHU to advance the Live Oak project in Nebraska...initiated by TES and TotalEnergies and currently under development in Nebraska, United States. Following the agreement, TES and TotalEnergies will each maintain a 33.35 % stake in the project."

O
Osaka Gas investor

"Osaka Gas, Toho Gas, and ITOCHU have signed a Joint Development and Operating Agreement, granting the Japanese companies a combined 33.3% stake in the Live Oak project"

T
Toho Gas investor

"Osaka Gas, Toho Gas, and ITOCHU have signed a Joint Development and Operating Agreement, granting the Japanese companies a combined 33.3% stake in the Live Oak project"

I
ITOCHU investor

"Osaka Gas, Toho Gas, and ITOCHU have signed a Joint Development and Operating Agreement, granting the Japanese companies a combined 33.3% stake in the Live Oak project"

high quality Enriched Mar 6, 2026

Timeline

Announced
Dec 2, 2025
Signed
Dec 2, 2025
Closed

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