Latest news with #RyosukeTsugaru
Barnama
12 hours ago
- Business
- Barnama
PETRONAS and JERA Reaffirm Longstanding Partnership Towards A Sustainable Energy Future
KUALA LUMPUR, June 17 (Bernama) -- PETRONAS and JERA have agreed to expand their collaboration across the gas value chain with the signing of a Memorandum of Understanding (MoU) including providing reliable LNG supply for Japan. The agreement builds upon PETRONAS and JERA's long-established partnership since 1983. The MoU was signed during Energy Asia 2025, by Datuk Adif Zulkifli, EVP Gas & Maritime Business and Mr. Ryosuke Tsugaru, Senior Managing Executive Officer and Chief Low Carbon Officer, witnessed by PETRONAS President and Group Chief Executive Officer, Tan Sri Tengku Muhammad Taufik, and JERA Global Chief Executive Officer and Chair, Yukio Kani.
New Straits Times
12 hours ago
- Business
- New Straits Times
Petronas, Japan's JERA expand long-standing partnership, focus on clean energy
KUALA LUMPUR: Petroleum Nasional Bhd (Petronas) has signed a memorandum of understanding (MoU) with Japan's largest power generation company, JERA to expand their collaboration across the gas value chain. Under the MoU, Petronas said the national oil company will provide reliable liquefied natural gas (LNG) supply for Japan. "The agreement builds upon Petronas and JERA's long-established partnership since 1983," it said in a statement today. The MoU was signed between EVP Gas & Maritime Business Datuk Adif Zulkifli and JERA senior managing executive officer and chief low carbon officer Ryosuke Tsugaru during Energy Asia 2025. Petronas has been delivering LNG to Japan for over four decades and is committed to continue meeting customer needs with reliable delivery of LNG. JERA has been purchasing LNG from Malaysia and other countries and securing stable energy supply for the customers. As long-term partners, Petronas and JERA are mutually committed to meet market demands with lower-carbon energy solutions. The companies will continue to explore initiatives aligned with this shared goal as part of both organisation's broader decarbonisation strategy.
6 days ago
- 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
