LNG

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.

Abu Dhabi's sovereign wealth fund Mubadala Energy has backed Kimmeridge’s $13 billion Commonwealth LNG project in Louisiana with equity financing, enabling the project to reach financial close.

Numerous Japanese utilities have withheld full-year earnings guidance as the Middle East conflict drives up LNG costs and clouds fuel supply. Bloomberg reported that Asian LNG prices have surged 70%, exemplifying how exposed Japan’s power sector remains to the global gas market.

Vietnam’s Vingroup has proposed scrapping plans for what would have been the country’s largest LNG-fired power plant and replacing it with a renewable‑plus‑battery scheme, as soaring LNG prices make the 4.8 GW Hai Phong venture financially unviable.