Japan LNG Giant Expands Europe Links Amid Demand Uncertainty
- Japan’s Jera to announce second European supply deal this year
- Nuclear restarts, new coal plants cloud Japan gas outlook
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Japan’s Jera Co., one of the world’s largest buyers of liquefied natural gas, plans to announce a second deal to resell the fuel to European customers as it seeks overseas outlets to offset possible demand declines at home.
The latest agreement, which followed an accord signed in May with a unit of France’s Electricite de France SA, will help the company boost sales to about 1.5 million metric tons a year soon, Jera Senior Executive Vice President Hiroki Sato said in an interview. The new deal will allow the joint-venture between Tokyo Electric Power Co. Holdings and Chubu Electric Power Co. to adjust the volume it sells depending on its own demand.