LNG

Australia LNG operator Santos said it signed an accord to sell a 12.5 percent interest in the Barossa natural gas project planned as a feed-gas source for Darwin LNG to the largest Japanese LNG importer, JERA Co. Inc.

JERA Co. Inc., the Japanese utility and energy company and the world’s largest LNG buyer, said Chita LNG terminal in Aichi Prefecture received its 4,000th shipment with the arrival of the 126,000 cubic metres capacity “Senshu Maru” carrying volumes from Indonesia.

Oct 22 (LNG) - Jerat Trading, the LNG and energy trading arm created by the merger of Jera Co. Inc. and French firm EDF Trading, has been assigned an “A” credit rating from the Japanese agency, Rating and Investment Inc. Jerat is now two-thirds owned by Jera Co. Inc. and EDF Trading holds one third of the shares. “R&I cites this rating as a reflection of the creditworthiness of the entire Jera Group, which is also rated ‘A’ with stable outlook,” said Jerat. Jera Co. Inc. itself was formed by the merging of the LNG procurement activities of the two largest Japanese utilities, Tokyo Electric Power Co. and Chubu Electric.

Japanese LNG and energy procurement company Jera Co. Inc., formed by Tokyo Electric Power Co. and Chubu Electric, has signed a binding agreement with French firm EDF Trading Ltd to form an LNG and trading joint venture.