Japan’s Biggest LNG Buyer Sees Opportunities in Southeast Asia

Jera Co., Japan’s largest power generation company and liquefied natural gas buyer, sees more opportunities to use the fuel to meet surging electricity demand in nations including current exporters Malaysia and Indonesia.

It is “very difficult to fill the gap” between declining domestic gas production and rising energy demand in Southeast Asia with renewables and battery storage alone, Izumi Kai, chief executive officer of Singapore-based unit Jera Asia Pte., said in an interview late on Thursday. The company is “always looking for new opportunities,” and will consider divestment of existing assets to “recycle cash for new investments,” he said.