Latest news with #JERA
Reuters
3 days ago
- Business
- Reuters
Japan to send a senior official to Alaska energy conference
TOKYO, May 30 (Reuters) - Japan's Economy, Trade and Industry Minister Yoji Muto said on Friday that a senior official will attend an energy conference in Alaska early next week, where the proposed $44 billion Alaska LNG project is expected to be discussed. Takehiko Matsuo, the ministry's Vice-Minister for International Affairs, will participate in the Alaska Sustainable Energy Conference, scheduled for June 3-5, Muto said. The conference starts the day after talks scheduled by the Trump administration, which invited officials from Japan, South Korea and Taiwan to Alaska to discuss projects including a vast gas pipeline, as Asian governments consider U.S. investments in the hopes of relief from Washington's tariffs. It was not immediately clear whether Matsuo would attend the event on June 2, which will be hosted by Trump's energy czar, Interior Secretary Doug Burgum, and Energy Secretary Chris Wright. Muto said Japan has been in communication with the U.S. regarding pipeline construction and other issues, adding, "I expect meaningful discussions will be held this time as well." Japan's biggest LNG buyer JERA has sent an "expression of interest" to Glenfarne in the Alaska LNG Project, Bloomberg News reported on Friday. Glenfarne is the development partner of state-run Alaska Gasline Development Corporation (AGDC). South Korea will send its Deputy Minister for Energy Policy and other energy ministry officials to the Alaska Sustainable Energy Conference, the ministry said on Thursday, as some Asian countries consider investing in the Alaska LNG project. Meanwhile, Friends of the Earth Japan said on Thursday that more than 150 groups from Japan and around the world sent an open letter to the Japanese Prime Minister urging the country not to join the costly Alaska LNG project. "For Japan, Alaska LNG is absolutely unnecessary. Japanese companies resold 37% of LNG they handled because Japan is buying LNG much more than it needs," said Hiroki Osada, a campaigner at Friends of the Earth Japan. "Starting another new LNG project is already a horrible decision considering this, but it is even more outrageous given it also exacerbates climate change beyond threshold, and destroys the indigenous way of life and the biodiversity in Alaska," he added.
Yahoo
3 days ago
- Business
- Yahoo
Japan's Top LNG Buyer Inks Preliminary Pact With Alaska Project
(Bloomberg) -- Japan's largest liquefied natural gas importer, JERA Co., signed an expression of interest to explore buying the fuel from a long-delayed export project in Alaska, according to people with knowledge of the matter. NYC Congestion Toll Brings In $216 Million in First Four Months The Economic Benefits of Paying Workers to Move Now With Colorful Blocks, Tirana's Pyramid Represents a Changing Albania NY Wins Order Against US Funding Freeze in Congestion Fight NY Congestion Pricing Is Likely to Stay Until Year End During Court Case JERA, which is also the nation's largest power producer, inked the non-binding pact ahead of a summit in the US state next week, said the people, who asked not to be identified because the talks are private. JERA did not specify in the expression of interest how much LNG the company would potentially buy, the people said. JERA didn't immediately respond to a request for comment. The move is a small step forward for the $44 billion Alaska LNG export project, which has been proposed in various forms for decades but struggled to secure binding long-term contracts and investments. The LNG pact comes as Japan's government is seeking to smooth the path toward a tariff deal with the US. Proponents of the project, which has been championed by US President Donald Trump, are using the Alaska Sustainable Energy Conference next week as a way to rally support. Takehiko Matsuo, vice minister for international affairs at Japan's Trade Ministry, will attend the gathering, Japanese Trade Minister Yoji Muto said to media on Friday. Taiwan will also send a delegation to the project. South Korea's energy ministry and Korea Gas Corp. are expected to attend the same discussions, the Herald Business Newspaper reported earlier this week. --With assistance from Srinidhi Ragavendran. YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Inside the First Stargate AI Data Center How Coach Handbags Became a Gen Z Status Symbol ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
3 days ago
- Business
- Bloomberg
Japan's Top LNG Buyer Inks Preliminary Pact With Alaska Project
Japan's largest liquefied natural gas importer, JERA Co., signed an expression of interest to explore buying the fuel from a long-delayed export project in Alaska, according to people with knowledge of the matter. JERA, which is also the nation's largest power producer, inked the non-binding pact ahead of a summit in the US state next week, said the people, who asked not to be identified because the talks are private. JERA did not specify in the expression of interest how much LNG the company would potentially buy, the people said.
CNA
3 days ago
- Business
- CNA
NextDecade, Japan's JERA sign 20-year LNG supply deal
U.S. liquefied natural gas producer NextDecade said on Thursday it has signed a 20-year deal to supply Japan's biggest power generator JERA with 2 million tonnes per annum (mtpa) of LNG from its Rio Grande project's fifth liquefaction facility. Shares of NextDecade were up 5.2 per cent at $8.08 in premarket trading. The United States is the world's largest exporter of LNG and had shipped 11.9 billion cubic feet per day of the supercooled fuel in 2024 and has gained further momentum following President Donald Trump's lifting in January of a moratorium on new export permits. NextDecade's deal with JERA is subject to a positive Final Investment Decision (FID) on the planned fifth liquefaction facility, or train. LNG developers typically take FIDs on projects when they have lined up enough supply deals to obtain the financing needed to build. NextDecade has been signing multiple LNG deals from the Brownsville, Texas facility, which is under construction and has a potential capacity of about 48 mtpa, to strengthen its position in the international market. The LNG producer has signed agreements with top oil producer Saudi Aramco and TotalEnergies to supply the superchilled gas, from the fourth liquefaction facility of the project, for 20 years. Last year, Abu Dhabi National Oil Company (ADNOC) said it had acquired a 11.7 per cent stake in phase 1 of NextDecade's LNG project, which included the first three liquefaction trains and agreed to a 20-year supply deal for the fourth train.
Reuters
3 days ago
- Business
- Reuters
NextDecade, Japan's JERA sign 20-year LNG supply deal
May 29 (Reuters) - U.S. liquefied natural gas producer NextDecade (NEXT.O), opens new tab said on Thursday it has signed a 20-year deal to supply Japan's biggest power generator JERA with 2 million tonnes per annum (mtpa) of LNG from its Rio Grande project's fifth liquefaction facility. Shares of NextDecade were up 5.2% at $8.08 in premarket trading. The United States is the world's largest exporter of LNG and had shipped 11.9 billion cubic feet per day of the supercooled fuel in 2024 and has gained further momentum following President Donald Trump's lifting in January of a moratorium on new export permits. NextDecade's deal with JERA is subject to a positive Final Investment Decision (FID) on the planned fifth liquefaction facility, or train. LNG developers typically take FIDs on projects when they have lined up enough supply deals to obtain the financing needed to build. NextDecade has been signing multiple LNG deals from the Brownsville, Texas facility, which is under construction and has a potential capacity of about 48 mtpa, to strengthen its position in the international market. The LNG producer has signed agreements with top oil producer Saudi Aramco ( opens new tab and TotalEnergies ( opens new tab to supply the superchilled gas, from the fourth liquefaction facility of the project, for 20 years. Last year, Abu Dhabi National Oil Company (ADNOC) said it had acquired a 11.7% stake in phase 1 of NextDecade's LNG project, which included the first three liquefaction trains and agreed to a 20-year supply deal for the fourth train.
