JERA SIGNS 10 YEAR LNG SUPPLY DEAL WITH OMAN LNG
JERA has signed a key term sheet for the sale and purchase of LNG with Oman Liquefied Natural Gas LLC (Oman LNG) .
Based on the key term sheet, JERA will purchase up to 12 cargoes (Approx. 0.8 million tons) per year of LNG produced from the Oman LNG project from 2025 for 10 years.
LNG procurement competition has been intensifying and thus, stable procurement of fuel in a timely manner in line with the domestic electricity supply-demand situation is needed to secure a stable supply of energy in Japan.
This is an FOB contract, which has a high flexibility and is expected to enhance capability to respond uncertainties in the domestic LNG supply and demand.
JERA will strive for flexible procurement to contribute to fuel supply stability to secure a stable supply of energy in Japan.
JERA is 50-50 joint venture between TEPCO Fuel & Power, a wholly owned subsidiary of Tokyo Electric Power Company, and Chubu Electric Power, founded in April 2015. The company is based in Tokyo.