“Venture Global is thrilled to be expanding our partnership with JERA, one of the world’s premiere energy providers and largest buyers of LNG,” said Mike Sabel, CEO of Venture Global LNG. “Japan has taken a pragmatic approach to ensuring its energy security while advancing environmental progress. We are honoured to supply our growing customer base in Japan with a clean and reliable source of lower carbon energy and look forward to supporting JERA in its efforts to bring LNG to the region for many years to come.”
“LNG procurement competition has been intensifying and thus, stable procurement of LNG in a timely manner in line with the domestic electricity supply-demand situation is needed to secure a stable supply of energy in Japan. This is a destination free FOB contract, which enables JERA to secure LNG in a high flexible manner and is expected to help with our capability to respond to volatility in the domestic electricity supply and demand,” added Sunao Nakamura, Senior Managing Executive Officer, Optimisation of JERA.
