Latest news with #JeraCo.
12-06-2025
- Business
Jera Finalizes 20-Year Deals to Procure LNG from U.S.
News from Japan Jun 12, 2025 17:15 (JST) Tokyo, June 12 (Jiji Press)--Jera Co., Japan's largest power generation company, said Thursday that it has finalized 20-year deals to procure up to 5.5 million tons of liquefied natural gas annually from the United States. The total value of the deals with four U.S. LNG developers is estimated to reach 50 billion to 60 billion dollars. Through the long-term partnerships, the company aims to procure LNG at stable prices. The deals follow an agreement reached at a Japan-U.S. summit in February that Japan would increase its imports of U.S. LNG, and may be used as a bargaining chip by the Japanese government in its tariff negotiations with the United States. In an online press conference on the day, Jera Senior Managing Executive Officer Ryosuke Tsugaru noted that the company's decision to procure U.S. LNG was not influenced by requests from the Japanese or U.S. governments. The new LNG procurement will account for around 15 pct of Jera's annual handling volume of around 35 million tons, and will increase the proportion of U.S. LNG in its overall procurement to about 30 pct from around 10 pct. [Copyright The Jiji Press, Ltd.] Jiji Press
Kyodo News
01-05-2025
- Business
- Kyodo News
Japan's Jera pledges stable power supply by using LNG-fired plant
KYODO NEWS - 5 hours ago - 11:47 | All, Japan Japanese energy firm Jera Co. has pledged to contribute to stable power supply this summer by utilizing one of the world's largest power plants fueled by liquefied natural gas. The firm showed the Kawagoe thermal power station in Mie Prefecture with a maximum output of 4.80 million kilowatts to the media ahead of summer, when electricity consumption rises due to high air conditioning usage. "Stable (power) supply is the most important mission," said Motoki Katsutani, chief of the power station operated by a joint venture between Tokyo Electric Power Company Holdings Inc. and Chubu Electric Power Co. The plant's capacity has been boosted since its first unit began commercial operation in June 1989. By utilizing the LNG-fired plant that can control output easily, Jera seeks to compensate for fluctuations in solar power generation, which has been rapidly expanding in the area. This summer, the region is projected to have an electricity reserve rate topping 8 percent, a proportion necessary for stable supply. With Japan planning to rely heavily on renewable and nuclear energy to achieve net-zero emissions by 2050, LNG is expected to play a key role in bridging its transition from fossil fuels to renewables. Burning natural gas emits less carbon than most other fossil fuels and switching from coal to gas reduces emissions by 50 percent when producing electricity, according to an estimate by the International Energy Agency. Related coverage: Solar-powered smart wear to be trialed at Osaka Expo Japan develops uranium-based battery to reuse radioactive waste Nuclear, renewables designated as Japan's main carbon-free energy
The Mainichi
01-05-2025
- Business
- The Mainichi
Japan's Jera pledges stable power supply by using LNG-fired plant
NAGOYA (Kyodo) -- Japanese energy firm Jera Co. has pledged to contribute to stable power supply this summer by utilizing one of the world's largest power plants fueled by liquefied natural gas. The firm showed the Kawagoe thermal power station in Mie Prefecture with a maximum output of 4.80 million kilowatts to the media ahead of summer, when electricity consumption rises due to high air conditioning usage. "Stable (power) supply is the most important mission," said Motoki Katsutani, chief of the power station operated by a joint venture between Tokyo Electric Power Company Holdings Inc. and Chubu Electric Power Co. The plant's capacity has been boosted since its first unit began commercial operation in June 1989. By utilizing the LNG-fired plant that can control output easily, Jera seeks to compensate for fluctuations in solar power generation, which has been rapidly expanding in the area. This summer, the region is projected to have an electricity reserve rate topping 8 percent, a proportion necessary for stable supply. With Japan planning to rely heavily on renewable and nuclear energy to achieve net-zero emissions by 2050, LNG is expected to play a key role in bridging its transition from fossil fuels to renewables. Burning natural gas emits less carbon than most other fossil fuels and switching from coal to gas reduces emissions by 50 percent when producing electricity, according to an estimate by the International Energy Agency.
Kyodo News
01-05-2025
- Business
- Kyodo News
Japan's Jera pledges stable power supply by using LNG-fired plant
KYODO NEWS - 6 minutes ago - 11:47 | All, Japan Japanese energy firm Jera Co. has pledged to contribute to stable power supply this summer by utilizing one of the world's largest power plants fueled by liquefied natural gas. The firm showed the Kawagoe thermal power station in Mie Prefecture with a maximum output of 4.80 million kilowatts to the media ahead of summer, when electricity consumption rises due to high air conditioning usage. "Stable (power) supply is the most important mission," said Motoki Katsutani, chief of the power station operated by a joint venture between Tokyo Electric Power Company Holdings Inc. and Chubu Electric Power Co. The plant's capacity has been boosted since its first unit began commercial operation in June 1989. By utilizing the LNG-fired plant that can control output easily, Jera seeks to compensate for fluctuations in solar power generation, which has been rapidly expanding in the area. This summer, the region is projected to have an electricity reserve rate topping 8 percent, a proportion necessary for stable supply. With Japan planning to rely heavily on renewable and nuclear energy to achieve net-zero emissions by 2050, LNG is expected to play a key role in bridging its transition from fossil fuels to renewables. Burning natural gas emits less carbon than most other fossil fuels and switching from coal to gas reduces emissions by 50 percent when producing electricity, according to an estimate by the International Energy Agency. Related coverage: Solar-powered smart wear to be trialed at Osaka Expo Japan develops uranium-based battery to reuse radioactive waste Nuclear, renewables designated as Japan's main carbon-free energy
