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Business Wire
07-08-2025
- Business
- Business Wire
Cheniere and JERA Sign Long-Term LNG Sale and Purchase Agreement
HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. ('Cheniere' or the 'Company') (NYSE: LNG) and JERA Co., Inc. ('JERA') jointly announced today that Cheniere Marketing, LLC ('Cheniere Marketing') and JERA have entered into a long-term liquefied natural gas ('LNG') sale and purchase agreement ('SPA'). Under the SPA, JERA has agreed to purchase approximately 1.0 million tonnes per annum ('mtpa') of LNG from Cheniere Marketing on a free-on-board basis from 2029 through 2050. The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fixed liquefaction fee. 'We are pleased to enter into this multi-decade agreement with JERA, the largest power producer in Japan and one of the largest buyers of LNG in the world,' said Jack Fusco, Cheniere's President and Chief Executive Officer. 'This SPA fortifies our longstanding relationship with JERA, which is based upon years of cooperation and mutually beneficial LNG trade. We look forward to providing our flexible, reliable and cleaner burning LNG to JERA through 2050 under this new long-term agreement.' Yukio Kani, Global CEO and Chair of JERA adds, 'JERA and Cheniere have built a trusted relationship over many years, and we are pleased to extend this relationship further. This long-term agreement with Cheniere—a global leader in LNG—supports JERA's strategy to diversify and strengthen our LNG procurement portfolio, reinforcing our role as a long-term energy partner in the U.S. and deepening our commitment to securing reliable energy supplies. Together, we will continue to contribute to the energy security, stability, and sustainability of Japan and the broader region for decades to come.' About Cheniere Cheniere Energy, Inc. is the leading producer and exporter of LNG in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 49 mtpa of LNG in operation and an additional over 12 mtpa of expected production capacity under construction, inclusive of estimated debottlenecking opportunities. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, Dubai and Washington, D.C. For additional information, please refer to the Cheniere website at and Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, filed with the Securities and Exchange Commission. About JERA JERA is a global energy leader and Japan's largest power generation company focused on providing cutting-edge solutions to the world's energy issues. Established in 2015, the Company produces one-third of Japan's electricity, and is one of the largest LNG buyers in the world. JERA has global reach and strength throughout the energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. In support of a responsible energy transition, JERA has committed to achieving net-zero CO₂ emissions from its domestic and overseas businesses by 2050. Forward-Looking Statements This press release contains certain statements that may include 'forward-looking statements' within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are 'forward-looking statements.' Included among 'forward-looking statements' are, among other things, (i) statements regarding Cheniere's financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere's LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to Cheniere's capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, share repurchases and execution on the capital allocation plan, and (viii) statements relating to our goals, commitments and strategies in relation to environmental matters. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere's periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
Zawya
20-06-2025
- Business
- Zawya
Japan returns to long-term LNG deals on AI boom, national energy plan
TOKYO/SINGAPORE - Japan is back in the spotlight for liquefied natural gas producers as the boom in artificial intelligence, rising costs for cleaner energy and a new national energy plan drive appetite for long-term LNG deals. While imports by China, the world's biggest LNG importer, are expected to fall this year, buyers in number two Japan are securing long-term supply deals again, including a potential landmark deal with Qatar. Japan's LNG imports had fallen for a decade as nuclear power plants, idled after the Fukushima disaster, restarted and as renewable energy sources increased. Data centres are expected to use enormous amounts of power to sustain the AI boom, while Japan's 7th Strategic Energy Plan in February identified gas as a realistic transition fuel for the nation's goal of zero net carbon emissions by 2050 and "an important energy source even after carbon neutrality". "We had expected that electricity demand in Japan would decline, but the growth of data centres is bending that curve," Yukio Kani, global CEO of JERA, the country's top power generator and LNG buyer, told Reuters. "If we want quick solutions for data centres, Japan needs LNG. That is one external change." Rising costs have also dimmed prospects for alternative fuels like hydrogen and ammonia, Kani said. "Until two or three years ago, we expected faster development of ammonia, but now we have to pause," he said. "So we've been shifting back to LNG over the past year or so." 'STILL IN THE MIX' In Japan's energy plan, the Ministry of Economy, Trade and Industry forecast annual LNG demand would fall to between 53 million and 61 million tons in 2040 if it met its emissions reductions target, from 66 million tons last year. But in a risk scenario where decarbonisation technologies lag, METI forecast demand could instead rise to 74 million tons. The plan calls for public-private cooperation to secure long-term contracts for the super-chilled fuel, given price volatility and supply disruption risks. Under Japan's previous decarbonisation-focussed energy plan, gas importers had hesitated to sign long-term contracts. The new plan makes it easier for buyers to commit to long-term contracts, said Takashi Uchida, chairman of the Japan Gas Association and top city gas provider Tokyo Gas. "It's very clear that LNG has a role to play as a transition fuel, and it's now firmly still in the mix for this investment cycle," said Lachlan Clancy, energy partner at law firm Herbert Smith Freehills Kramer. Japan has also been auctioning new gas-fired power capacity mainly to replace aging coal power plants, awarding 7 gigawatts (GW) over the past two years, according to the Organization for Cross-regional Coordination of Transmission Operators, Japan. In March the organisation projected LNG-fired capacity would rise to 85.75 GW by 2034 from 79.98 GW in 2024. Japan's energy plan projects power generation will increase by between 12% and 22% from 2023 levels to between 1,100 and 1,200 terawatt-hours in 2040. Consumption by Japan's data centres will soar 80%, or about 15 TWh, by 2030, the International Energy Agency forecasts. To feed this growth, Morgan Stanley sees Japan's LNG imports rising to 78 million tons in 2030 as gas-fired power generation rises amid high costs for generating solar and wind power. 'UNCERTAINTY AHEAD' Among the spate of deals since METI released the energy plan, Osaka Gas signed a 15-year pact with Abu Dhabi National Oil Company, Kyushu Electric Power said it would sign a deal with Energy Transfer, its first long-term deal with a U.S. supplier, and JERA inked four 20-year deals with U.S. suppliers NextDecade, Sempra Infrastructure, Cheniere Marketing and Commonwealth LNG. By comparison, from late 2022 to early this year, Japanese buyers had announced only three deals longer than 10 years. More deals are likely soon, Rystad Energy analyst Masanori Odaka predicts, as some utilities seek to replace expiring volumes for supply security and meet seasonal demand. JERA and Mitsui & Co are in talks for long-term supply from QatarEnergy's North Field expansion project, Reuters reported last month. Uncertainty persists, however, over Japan's demand for LNG, tied to questions over its ability to meet its carbon neutrality targets and its pace of nuclear plant restarts. To address this, importers are enhancing trading operations and pursuing flexible-term contracts. "With the government presenting multiple future scenarios, it is no longer possible to provide a definitive outlook for energy supply and demand - highlighting the uncertainty ahead," said Tokyo Gas' Uchida. (Reporting by Yuka Obayashi in Tokyo and Emily Chow in Singapore; Additional reporting by Katya Golubkova in Tokyo and Marwa Rashad in London; Editing by Tony Munroe and William Mallard)
Observer
19-06-2025
- Business
- Observer
Japan returns to long-term LNG deals on AI boom, national energy plan
TOKYO/SINGAPORE: Japan is back in the spotlight for liquefied natural gas (LNG) producers as the boom in artificial intelligence, rising costs for cleaner energy, and a new national energy plan drive appetite for long-term LNG deals. While imports by China, the world's biggest LNG importer, are expected to fall this year, buyers in number two Japan are securing long-term supply deals again, including a potential landmark deal with Qatar. Japan's LNG imports had fallen for a decade as nuclear power plants, idled after the Fukushima disaster, restarted and as renewable energy sources increased. Data centres are expected to use enormous amounts of power to sustain the AI boom, while Japan's 7th Strategic Energy Plan in February identified gas as a realistic transition fuel for the nation's goal of zero net carbon emissions by 2050. 'We had expected that electricity demand in Japan would decline, but the growth of data centres is bending that curve,' said Yukio Kani, global CEO of JERA, the country's top power generator and LNG buyer. 'If we want quick solutions for data centres, Japan needs LNG.' Rising costs have also dimmed prospects for alternative fuels like hydrogen and ammonia. 'Until two or three years ago, we expected faster development of ammonia, but now we have to pause,' Kani said. 'So we've been shifting back to LNG.' Japan's Ministry of Economy, Trade and Industry (METI) forecast annual LNG demand would fall to 53–61 million tons in 2040 if it meets its emissions target, down from 66 million tons in 2024. But in a risk scenario, demand could rise to 74 million tons. The new plan makes it easier for buyers to commit to long-term contracts. Japan has also been auctioning new gas-fired capacity to replace aging coal plants, awarding 7 GW in the past two years. LNG-fired capacity is projected to rise to 85.75 GW by 2034 from 79.98 GW in 2024. Morgan Stanley sees Japan's LNG imports rising to 78 million tons in 2030 as gas-fired generation grows. Osaka Gas signed a 15-year deal with Abu Dhabi's ADNOC. Kyushu Electric is set to sign its first long-term US deal. JERA signed four 20-year deals with US suppliers. 'Uncertainty remains,' said Tokyo Gas Chairman Takashi Uchida. 'The government presents multiple scenarios—there's no single outlook.' — Reuters
Yahoo
19-06-2025
- Business
- Yahoo
WITH JERA'S NEW LNG AGREEMENTS, ALL EYES TURN TO TOKYO AS JAPAN ENERGY SUMMIT & EXHIBITION 2025 APPROACHES
TOKYO, June 17, 2025 /PRNewswire/ -- Just days after JERA, Japan's largest power utility, announced landmark agreements to secure up to 5.5 million tonnes of U.S. LNG annually over 20 years, attention now turns to Tokyo where the global energy community will converge for the Japan Energy Summit & Exhibition 2025, taking place 18 – 20 June at Tokyo Big Sight, organised by dmg events. The timing could not be more critical. With energy security and diversification top of mind, JERA's announcement exemplifies the type of leadership and investment that will dominate discussions throughout the three-day international summit. JERA's Global CEO and Chair, Mr. Yukio Kani, and Japan's Ministry of Economy, Trade and Industry (METI) will both address these developments live at the events' Opening Ceremony on 18 June at 10:00. Their remarks will underscore the strategic relevance of long-term LNG supply agreements, and the indispensable role LNG continues to play in Japan's energy resilience. In a show of institutional alignment, the 14th LNG Producer-Consumer Conference, co-hosted by METI and the International Energy Agency (IEA), will be co-located with the Japan Energy Summit & Exhibition on 20 June for the first time, reinforcing the event's growing prominence as a market-moving platform. The exhibition floor will feature major players including JERA, Tokyo Gas, Chevron, Aramco, Cheniere, JOGMEC and TotalEnergies. Attendees can explore market-ready solutions spanning LNG, ammonia, hydrogen, AI-driven optimisation, renewables, and next-generation infrastructure. JERA will host daily live knowledge-sharing sessions at their booth, offering insights into their Digital Power Plant initiative and AI-enabled operations. Beyond the exhibition, the Strategic Summit will feature a powerhouse line-up of speakers, including Wael Sawan, CEO of Shell; Sanjiv Lamba, CEO of Linde; and Patrick Pouyanné, Chairman and CEO of TotalEnergies. Discussions will centre on energy diversification, LNG certification, Scope 3 decarbonisation, and the role of clean fuels in industrial growth. The Climatetech Theatre will offer free-to-attend sessions each afternoon, including the highly anticipated panel on fusion energy innovation and the final pitch round of the Energy Innovators Challenge, spotlighting next-generation startups and ideas. Side events, such as the Women in Energy Networking Reception, Future Leaders Breakfast, and a Private Networking event hosted by the Australian Trade and Investment Commission (Austrade), round out a packed programme of strategic engagements. MEDIA CONTACT: Natalie Gurney | nataliegurney@ | +971 56 433 2480Diana Peter | | +65 8498 9424 View original content to download multimedia: SOURCE dmg events Asia Pacific Pte Ltd Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
19-06-2025
- Business
- Reuters
Japan returns to long-term LNG deals on AI boom, national energy plan
TOKYO/SINGAPORE, June 19 (Reuters) - Japan is back in the spotlight for liquefied natural gas producers as the boom in artificial intelligence, rising costs for cleaner energy and a new national energy plan drive appetite for long-term LNG deals. While imports by China, the world's biggest LNG importer, are expected to fall this year, buyers in number two Japan are securing long-term supply deals again, including a potential landmark deal with Qatar. Japan's LNG imports had fallen for a decade as nuclear power plants, idled after the Fukushima disaster, restarted and as renewable energy sources increased. Data centres are expected to use enormous amounts of power to sustain the AI boom, while Japan's 7th Strategic Energy Plan in February identified gas as a realistic transition fuel for the nation's goal of zero net carbon emissions by 2050 and "an important energy source even after carbon neutrality". "We had expected that electricity demand in Japan would decline, but the growth of data centres is bending that curve," Yukio Kani, global CEO of JERA, the country's top power generator and LNG buyer, told Reuters. "If we want quick solutions for data centres, Japan needs LNG. That is one external change." Rising costs have also dimmed prospects for alternative fuels like hydrogen and ammonia, Kani said. "Until two or three years ago, we expected faster development of ammonia, but now we have to pause," he said. "So we've been shifting back to LNG over the past year or so." In Japan's energy plan, the Ministry of Economy, Trade and Industry forecast annual LNG demand would fall to between 53 million and 61 million tons in 2040 if it met its emissions reductions target, from 66 million tons last year. But in a risk scenario where decarbonisation technologies lag, METI forecast demand could instead rise to 74 million tons. The plan calls for public-private cooperation to secure long-term contracts for the super-chilled fuel, given price volatility and supply disruption risks. Under Japan's previous decarbonisation-focussed energy plan, gas importers had hesitated to sign long-term contracts. The new plan makes it easier for buyers to commit to long-term contracts, said Takashi Uchida, chairman of the Japan Gas Association and top city gas provider Tokyo Gas (9531.T), opens new tab. "It's very clear that LNG has a role to play as a transition fuel, and it's now firmly still in the mix for this investment cycle," said Lachlan Clancy, energy partner at law firm Herbert Smith Freehills Kramer. Japan has also been auctioning new gas-fired power capacity mainly to replace aging coal power plants, awarding 7 gigawatts (GW) over the past two years, according to the Organization for Cross-regional Coordination of Transmission Operators, Japan. In March the organisation projected LNG-fired capacity would rise to 85.75 GW by 2034 from 79.98 GW in 2024. Japan's energy plan projects power generation will increase by between 12% and 22% from 2023 levels to between 1,100 and 1,200 terawatt-hours in 2040. Consumption by Japan's data centres will soar 80%, or about 15 TWh, by 2030, the International Energy Agency forecasts. To feed this growth, Morgan Stanley sees Japan's LNG imports rising to 78 million tons in 2030 as gas-fired power generation rises amid high costs for generating solar and wind power. Among the spate of deals since METI released the energy plan, Osaka Gas (9532.T), opens new tab signed a 15-year pact with Abu Dhabi National Oil Company, Kyushu Electric Power (9508.T), opens new tab said it would sign a deal with Energy Transfer (ET.N), opens new tab, its first long-term deal with a U.S. supplier, and JERA inked four 20-year deals with U.S. suppliers NextDecade (NEXT.O), opens new tab, Sempra Infrastructure, Cheniere Marketing and Commonwealth LNG. By comparison, from late 2022 to early this year, Japanese buyers had announced only three deals longer than 10 years. More deals are likely soon, Rystad Energy analyst Masanori Odaka predicts, as some utilities seek to replace expiring volumes for supply security and meet seasonal demand. JERA and Mitsui & Co (8031.T), opens new tab are in talks for long-term supply from QatarEnergy's North Field expansion project, Reuters reported last month. Uncertainty persists, however, over Japan's demand for LNG, tied to questions over its ability to meet its carbon neutrality targets and its pace of nuclear plant restarts. To address this, importers are enhancing trading operations and pursuing flexible-term contracts. "With the government presenting multiple future scenarios, it is no longer possible to provide a definitive outlook for energy supply and demand - highlighting the uncertainty ahead," said Tokyo Gas' Uchida.
