Japan's Biggest LNG Buyer Creates Standalone Trading Arm

AI Summary

Japan’s JERA is establishing JERA Global Energy Solutions, a standalone subsidiary to manage LNG, upstream, low-carbon fuels, and shipping operations. This move aims to secure energy supply for Japan amid volatile global energy markets.

Japan’s JERA is creating a wholly-owned subsidiary to develop and manage its LNG, upstream, low-carbon fuels, and shipping businesses, the biggest Japanese LNG importer and largest power producer said on Wednesday. The new company, JERA Global Energy Solutions (JERA GES), will be the Japanese utility giant’s response to increasingly volatile and complex energy markets. JERA GES will be a vertically integrated LNG company which can quickly respond to the market needs while maintaining security of supply for Japan as its highest priority,…