🎗Japan’s JERA and France’s EDF sign deal to create LNG trading giant.
Japan’s LNG importing giant Jera and France’s EDF have signed a basic agreement to integrate their liquefied natural gas trading operations, which could potentially create a leader in the market.
The non-binding agreement follows integration in April of EDF’s coal and freight trading business into JERA Trading, which is 67-percent owned by JERA and the rest by EDF Trading.
With demand for LNG in Japan becoming increasingly variable and difficult to predict and the ramp up in US LNG liquefaction, Europe has become a key balancing market for excess global LNG, JERA, the joint venture between Japanese utilities Chubu Electric Power and Tokyo Electric Power, noted in a statement.
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