Japan's JERA signs LNG sales deal with Hokkaido Gas
Japan's biggest power generator JERA has signed a liquefied natural gas (LNG) sales and purchase agreement with Hokkaido Gas to supply two-to-three LNG cargoes a year for seven years from 2027, it said on Thursday.
Under the agreement, JERA will supply about 130,000 metric tpy to 200,000 metric tpy of LNG on a delivered ex-ship basis from its global LNG portfolio.
The deal will strengthen Japan's energy security, while diversifying JERA's LNG sales portfolio and enhancing stability and flexibility in the domestic market, it said.
Earlier this month, JERA, one of the world's biggest LNG buyers, signed its first long-term LNG export deal with India's Torrent Power, agreeing to deliver four cargoes a year for 10 yrs from 2027 (learn more).
Looking ahead, JERA said it will continue to build a balanced LNG portfolio across Asia, the Middle East, and the United States to increase its resilience against market volatility. It also said it would pursue cost competitiveness and deepen collaborations with domestic partners, while expanding LNG sales across Asian markets.
JERA, a joint venture between Tokyo Electric Power and Chubu Electric Power, is also a major LNG trader, handling a total of 30 MMtpy–35 MMtpy of LNG both for domestic use and to re-sell elsewhere.
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