Japan's largest LNG buyer, JERA, is establishing a wholly-owned subsidiary called JERA Global Energy Solutions (JERA GES) to manage its LNG, upstream, low-carbon fuels, and shipping businesses:
The new company aims to respond quickly to the increasing volatility and complexity of energy markets while ensuring Japan's energy security:
JERA GES will focus on developing a stable and diversified long-term LNG portfolio that balances supply sources with market opportunities:
The company will maintain close coordination with JERA's power generation and domestic energy market functions:
Recently, JERA signed a 20-year contract with Malaysia's Petronas for the supply of 2 million tons of liquefied natural gas annually:
