JERA Seeks Long-Term LNG Sales to Tap Global Markets Amid Volatility

JERA, Japan's largest liquefied natural gas importer and biggest power producer, plans to sell LNG on a long-term basis as part of its strategy to access global markets and dispose of surplus supply when domestic demand is weak. According to Irtiza Sayyed, who heads the newly formed JERA Global Energy Solutions, the company aims to identify additional markets where it can sell LNG.

Earlier this year, JERA announced the establishment of a wholly owned subsidiary, JERA Global Energy Solutions (JERA GES), to develop and manage its LNG, upstream, low-carbon fuels, and shipping operations. The new entity is positioned as the Japanese utility's answer to increasingly volatile and complex energy markets.

JERA GES will be headquartered in Singapore and will focus on building a stable and diversified long-term LNG portfolio that balances supply sources with market opportunities, while also advancing lower-carbon fuels such as ammonia and hydrogen. The company has already signed a 20-year LNG supply contract with Malaysia's state-owned Petronas, with deliveries beginning in 2028.