World’s Biggest LNG Buyer Becomes Seller as Gas Glut Builds
- Jera to sell as much as 1.5 million metric tons of LNG to EDF
- Supply contract starts June 2018, to run until December 2020
Pipework stands on top of a storage silo at the liquid natural gas (LNG) terminal, a unit of Electricite de France (EDF) SA, in Dunkirk.
Photographer: Jasper Juinen/BloombergThis article is for subscribers only.
Japan’s Jera Co., one of the world’s largest buyers of liquefied natural gas, agreed to sell the fuel to a unit of France’s Electricite de France SA.
Jera, a joint venture between Tokyo Electric Power Co. and Chubu Electric Power Co., will sell as much as 1.5 million metric tons of LNG between June 2018 and December 2020, it said in a statement Thursday. The price of the LNG will be linked to European gas market prices, according to the statement.