Oct 22 (LNGJ) - JERA Co. Inc., the largest Japanese LNG buyer and thermal power plants owner, said it signed an accord with Vietnam Electricity for cooperation in the LNG value chain. Under the deal, JERA and the Vietnam power company would discuss opportunities for mutual collaboration.
“Specific areas for discussion include joint procurement of LNG, joint development of LNG receiving terminal projects, cooperation in introducing LNG to EVN power plants and collaboration on shipping optimization,” they said.
Together with its subsidiaries, Vietnam Electricity owns around 60 percent of the country's power generation capacity and supports its economic development. “JERA believes that strengthening its relationship with the leading energy company in Vietnam, a country which is expected to see increased demand for LNG, will greatly contribute to expanding business opportunities for both,” said the Japanese company.
