Japan's JERA makes first-ever LNG purchase from US
TOKYO (Reuters) -- Japan's JERA Co, the world's biggest importer of liquefied natural gas (LNG), on Thursday said it made its first-ever purchase of LNG from the lower 48 US states, as part of its goal to diversify supplies.
JERA, a fuel joint venture between Tokyo Electric Power and Chubu Electric Power, said it bought the LNG from Cheniere Marketing International LLP, but did not give pricing details.
Loading of shale gas produced at the Sabine Pass LNG Terminal in Louisiana onto LNG vessel Oak Spirit was completed on Wednesday, it added.
Industry sources said this is likely to be Japan's first import of LNG from the project.
The vessel, which will pass through the Panama Canal, will arrive at Chubu Electric's Joetsu LNG terminal in early January, a JERA spokesman said.
"Going forward, JERA will establish an LNG procurement portfolio that can flexibly respond to changes in the business environment by increasing its procurement ratio of LNG which is free from destination restrictions, through projects such as the Freeport LNG Project in the US," the company said in a statement.
Reporting by Osamu Tsukimori; Editing by Sunil Nair
- Freeport LNG export plant in Texas reports shutdown of liquefaction train
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- Five energy market trends to track in 2026, the year of the glut
- Venture Global wins LNG arbitration case brought by Spain's Repsol
Comments