Jera and EDF expand LNG trading JV to include Japanese power trading

Japan’s Jera and France’s EDF have agreed to expand their LNG and coal trading joint venture, Jera Global Markets, to include Japanese power trading.

According to a joint statement on Thursday, the respective Japanese power trading businesses of JERA and EDF Trading, a part of EDF, will be merged to operate alongside Jeragm’s global trading and optimisation business.

Jera, the joint venture of Tokyo Electric and Chubu Electric, has 66.67 percent in Jeragm, and EDFT holds 33.33 percent.

In April 2019, Jera and EDFT merged their LNG trading and optimization activities.

Headquartered in Singapore, Jeragm has a fleet of chartered LNG carriers, and its gross executed LNG trade volume reached about 46 million tons in fiscal year 2023, according to its website.

The two firms said this power trading integration strengthens the long-standing cooperation between the partners, which was established in 2008,

Moreover, it draws from the complementary roles of Jera, as a leading utility in Japan, and EDFT’s in-depth knowledge and experience of the power markets in Europe and North America.

This transaction will take effect from April 1, 2025.

The business will operate out of the Coredo Nihonbashi building in Tokyo with a team of over 50 diverse and experienced professionals driving and supporting the business, the statement said.

“We have entered into a new chapter of this enduring and collaborative relationship with EDF Trading which commenced with coal and LNG trading,” said Kazunori Kasai, chief optimisation officer of Jera and chairman, Jeragm.

Also, Kasai said power trading is “strategically aligned with the global trade of fuels and we are confident the synergies of these businesses will contribute to the revitalisation of the domestic power market in Japan.”

Most Popular

Shell adds another LNG carrier to its fleet

A unit of UK-based LNG giant Shell has added another chartered liquefied natural gas carrier to its fleet.

Chevron, China’s ENN seal second LNG SPA

US energy giant Chevron has signed a second LNG sales and purchase agreement with Chinese independent gas distributor ENN.

CMA CGM’s LNG-powered giant floated out in China

China’s Hudong-Zhonghua has launched the third in a new series of 24,000-teu LNG dual-fuel containerships for French shipping giant CMA CGM.

More News Like This

Cheniere, Jera seal long-term LNG SPA

US LNG exporter Cheniere has signed a long-term LNG sale and purchase agreement with Japan's Jera.

Sempra Infrastructure, Jera seal 20-year LNG SPA

US LNG exporter Sempra Infrastructure, a unit of Sempra, has signed a 20-year LNG supply contract with Japan's Jera for volumes from the Port Arthur LNG Phase 2 development project in Texas.

Woodside, Jera ink non-binding winter LNG supply deal

A unit of Australian LNG player Woodside and Japan's Jera have entered into a non-binding heads of agreement for the sale and purchase of LNG cargoes during Japan’s peak winter period.

Jera plans to build new LNG units at Sodegaura power plant

Japan’s Jera plans to build new LNG-fueled units at its Sodegaura power plant in the Chiba prefecture, as part of its plans to replace aging facilities.