JERA, Japan's biggest power generator, has agreed to new supply deals for U.S. liquefied natural gas from four projects to diversify its global portfolio away from its reliance on Australia…
JERA, Japan's biggest power generator, has agreed to new supply deals for U.S. liquefied natural gas from four projects to diversify its global portfolio away from its reliance on Australia, it said on Thursday.
JERA plans to buy up to 5.5 million metric tons per annum (mtpa) of U.S. LNG under 20-year contracts, with deliveries starting around 2030. That total includes some previously reported deals as well as newly announced agreements.
Of the 5.5 mtpa announced on Wednesday 2.5 mtpa are non-binding agreements, also called Heads of Agreement (HOA).
The move illustrates Japan's efforts to seek stable and flexible LNG supply to strengthen energy security and meet growing electricity demand driven by expanding data centres. The country is the world's second-largest LNG importer after China.
The move also boosts U.S. President Donald Trump's efforts to expand LNG exports from the United States, already the world's top shipper of the super-cooled fuel, to help domestic producers and improve the trade balance with Japan.
Doug Burgum, the U.S. Interior Secretary, said at an event at the Department of Energy headquarters in Washington that the agreements are about prosperity and peace.
"When we can sell energy to our friends and allies, our great ally
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