Jera eager to resell LNG as gas-power demand falls

Wednesday, 06 July 2016

Japan's Jera Co, a joint venture of Tepco and Chubu Electric, has started to sell excess contracted LNG to EDF Trading under a deal sealed in late May to divest up to 1.5 mtpa to the London-based trading arm of the French utility. Sluggish gas demand in Japan makes utility buyers seek to offload over-contracted volumes.

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