LNG

Jan 7 (LNGJ) - Jera Co. Inc., the Japanese joint venture company for LNG procurement and projects comprising Tokyo Electric Power Co. and Chubu Electric, received its first cargo from the US Gulf Coast. The shipment was unloaded at the Joetsu import terminal operated by Chubu Electric. The cargo for Japan had left the Sabine Pass liquefaction and export plant in Louisiana on the vessel “Oak Spirit” on December 7. “Jera believes the purchase of US LNG will contribute to a stable energy supply in Japan through the diversification of procurement regions and LNG price indices,” the joint venture said. “Going forward, Jera will establish an LNG procurement portfolio that can flexibly respond to changes in the business environment by increasing its procurement ratio of LNG which is free from destination restrictions, through projects such as the Freeport LNG project in the US,” it added.