Jera Global Markets names new CEO

Singapore-based Jera Global Markets, a joint venture of Japan’s Jera and France’s EDF, has named Justin Rowland as its new chief executive officer.

Rowland replaces Kazunori Kasai who will step down from his current role as CEO of Jeragm to return to Tokyo to take up the position as chief optimisation officer of Jera.

Also, Kasai will remain on the board of Jeragm in the new position of chairman, the company said in a social media post on Wednesday.

Rowland will take over as CEO of Jeragm on July 1 from his current position as managing director, LNG.

He brings with him close to 30 years of experience in the energy and investment sectors, according to the firm.

Rowland joined Jeragm in 2019 from EDF Trading where he spent 18 years in a variety of leadership positions including as chief finance and risk officer.

“He played a key role in the development of Jera Global Markets as a startup joint venture to its present-day position as a leading trader in global power and gas markets,” the firm said.

Jera Global Markets names new CEO
Image: Jera Global Markets

Jera, a joint venture of Tepco and Chubu Electric, owns 66.67 percent of Jeragm, while EDF Trading, a unit of French state-controlled utility EDF, holds the rest.

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

Jeragm recently boosted the size of its chartered fleet of LNG carriers with the addition of a newbuild vessel owned by Greece’s Alpha Gas.

The firm has a fleet of 17 carriers supporting its global trading operations.

According to its website, Jeragm’s LNG team manages the flexibility of over 35 million tonnes of supply each year, with structural access to both the European and North American gas markets.

- Advertisements -

Most Popular

Spark: spot LNG shipping rates ease this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet declined this week as vessel availability increased,...

Pilot LNG, Seapath plan to build $150 million US bunkering facility

Houston-based Pilot LNG is joining forces with Libra Group's maritime unit Seapath to build what they say is the...

US weekly LNG exports down to 21 shipments

US liquefied natural gas (LNG) exports declined in the week ending September 27 compared to the week before, according...

More News Like This

Jera, Uniper ink non-binding ammonia supply deal

Japan’s LNG trader and power firm, Jera, has signed a heads of agreement with German energy firm Uniper to...

CNOOC’s Binhai LNG import terminal gets 30th cargo

China National Offshore Oil Company (CNOOC) has received the 30th cargo of liquefied natural gas at its Jiangsu-Binhai LNG...

Jera’s Indonesia unit launches operations

Japan’s LNG trading giant and power generation firm, Jera, said that its unit in Indonesia has started full-scale operations. Jera...

Jera launches new LNG-fueled unit at Anegasaki power plant

Japan’s LNG trading giant and power generation firm, Jera, has launched commercial operations at the third new LNG-fueled unit...