LNG

JERA has acquired the entire stake held by Japan Organization for Metals and Energy Security in Pan Pacific Energy (JOGMEC), the company through which JERA holds its interests in Wheatstone LNG project. The transaction raises JERA’s ownership in the Australian LNG export terminal to 50.1%, and strengthens its position in one of its key long-term LNG supply sources.

Glenfarne and Alaska Gasline Development Corp are working to transform Letters of Intent (LoI) from JERA and TotalEnergies of France into firm, financeable offtake contracts, a critical step toward a final investment decision (FID) on the long-mooted $54 billion Alaska LNG export venture.

Japan’s INPEX has exercised its pre‑emptive rights to buy JERA’s stake in the Ichthys LNG project in Australia, blocking JERA’s deal with MidOcean Energy to keep control of its flagship LNG asset.

Japan’s JERA is stepping up its LNG-to-power strategy across Asia, offering term LNG shipments and project finance. For India’s Torrent Power, JERA will deliver four cargoes per year from 2027 to fuel 2,730 MW gas-fired powergen capacity along with some city-gas demand.

JERA Americas is advancing an LNG-fuelled power project on Hawaii, developed at a cost of $1.5 billion for the 500 MW plant plus around $500 million for offshore LNG import terminal.

Japan’s JERA has launched a vertically integrated unit – JERA Global Energy Solutions – to consolidate and optimise its LNG portfolio across upstream, LNG, lower-carbon fuels, and shipping. The new entity will work closely with JERA’s LNG trading platform JERA Global Market to coordinate physical supply with trading strategies.

Japan’s JERA has received its first LNG cargo from Australia’s Barossa project, marking the start of contracted deliveries. Barossa has a nameplate capacity of about 3.4 mtpa, and JERA is entitled to lift roughly 425,000 tpy of LNG, reflecting its equity participation.

Japan’s largest power generator JERA has signed an LNG sales and purchase agreement with Malaysia’s Petronas to secure up to 2 mtpa of supply over 20 years starting in 2028.

Workers at Ichthys LNG have threatened to escalate strikes starting Thursday after wage negotiations with Inpex failed, raising the concerns over disruptions to roughly 10% of Australia's LNG exports. 

Strike threats at Inpex-operated Ichthys LNG terminal from May 27 leave Japan most vulnerable, given its heavy reliance on contracted Australian supply. Around 70% of the LNG from the 9.3 mtpa Ichthys facility in Darwin is sold to Japanese offtakers, notably JERA, Kansai Electric, Kyushu Electric, Osaka Gas, Toho Gas, and Tokyo Gas.