February 23, 2018 12:10 PM ET

Oil, Gas and Consumable Fuels

Company Overview of JERA Co., Inc.

Company Overview

JERA Co., Inc., together with its subsidiaries, engages in fuel, and power generation and energy infrastructure businesses. Its fuel business includes identifying and investing in upstream fuel projects, as well as fuel procurement, transportation, and trading. The company’s power generation and energy infrastructure business comprises domestic power generation, and overseas power generation and energy infrastructure. It also engages in the replacement and construction of domestic thermal power plants. The company was founded in 2015 and is based in Tokyo, Japan. JERA Co., Inc. operates as a joint venture between Tokyo Electric Power Company, Incorporated and Chubu Electric Power Company, In...

Tokyo Nihonbashi Tower

14th floor

2-7-1 Nihonbashi

Chuo-ku

Tokyo,  103-6014

Japan

Founded in 2015

Phone:

81 3 3272 4631

Key Executives for JERA Co., Inc.

President
Managing Director
Managing Director
Senior Executive Vice President
Senior Executive Vice President
Age: 58
Compensation as of Fiscal Year 2017.

JERA Co., Inc. Key Developments

JERA Co., Inc. Presents at CWC Japan LNG & Gas Summit, Feb-06-2018 through Feb-07-2018

JERA Co., Inc. Presents at CWC Japan LNG & Gas Summit, Feb-06-2018 through Feb-07-2018. Venue: Hilton Tokyo Odaiba, 135-8625, Tokyo, 1-9-1, Daiba, Minato-ku, Tokyo, Japan. Presentation Date & Speakers: Feb-06-2018, Sunao Nakamura, Senior Executive Vice President, Yuji Kakimi, President.

JERA Co., Inc. and EDF Trading Limited Announce the Signing of Non-Binding Agreement for an LNG Optimisation Joint Venture Through JERA Trading Pte. Ltd

JERA Co., Inc. (JERA) and EDF Trading Limited (EDFT) announced the signing of a non-binding agreement for an LNG optimisation joint venture through JERA Trading Pte. Ltd. (JERAT). The shareholders in JERAT will have joint responsibilities in managing the business. This new step in the partnership between JERA and EDFT would build on the successful completion on April 4, 2017 of the collaboration on coal and freight trading through JERAT. In this context, JERA and EDFT have been in discussions regarding an LNG optimisation joint venture. Both parties have significant positions in the LNG market and bring important resources to this new partnership. JERA has been focusing on developing flexible LNG supply sources and creating new LNG demand globally. EDFT has a successful third party LNG trading business and access to the European LNG and gas markets to enable the unloading, reloading and storage of LNG in-tank. By bringing together their resources, the parties will be in a better position to respond to uncertainties of LNG demand in Japan and Europe and supply JERA and EDF’s wider global portfolio, to optimise their operations and improve the competitiveness of LNG in the market, as well as supporting the development of deeper, more liquid LNG markets. Subject to the completion of binding agreements and approval by the respective corporate governance bodies of both parties, JERA and EDFT would combine their LNG trading activities through JERAT, and JERAT would become the exclusive LNG optimiser for JERA and the EDF Group, managing their collective short-term optimisation activity in the LNG markets. Following the transaction, JERAT would become one of the larger utility-owned seaborne energy optimisers, with activities in the LNG, coal and freight markets spanning Asia, the Pacific and the Atlantic Basins. Around 300 people will be involved in the energy optimisation activities with offices in Japan, Singapore, the UK, the United States and the Netherlands. As part of the transaction, JERA and EDFT are in discussions regarding collaboration on the optimisation of gas and power supplies for JERA's US liquefaction position at the Freeport LNG terminal, so that they are better able to coordinate global LNG optimisation with gas and power optimisation in the United States. Discussions will continue towards a final agreement which is expected to be reached in 2018.

JERA Co., Inc. Presents at Bloomberg's The Future of Energy Summit 2017, Nov-29-2017 11:00 AM

JERA Co., Inc. Presents at Bloomberg's The Future of Energy Summit 2017, Nov-29-2017 11:00 AM. Venue: Shanghai, China. Speakers: Hendrik Gordenker, Chairman.

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