LNG

Jera aims to bring stability to the LNG market

The world’s largest buyer of LNG is looking to invest in Asian import projects to help stabilise the market The world’s largest buyer of LNG is looking to invest in Asian import projects to help stabilise the market.
By Andrew Walker 26 October 2017 0 28129
Wheatstone lng plant in Australia Australia’s Wheatstone LNG plant, in which Jera has a stake. (Chevron)

Japan’s Jera plans to use its power as the world’s largest LNG buyer to bring stability to the market by investing in Asian LNG projects.

“Now is the time for sellers and buyers to work together to develop projects and bring about FIDs so that supply can meet demand and stop the boom-and-bust cycle that is so negative for all industry participants,” Jera’s president, Yuji Kakimi, told delegates at Singapore International Energy Week on Monday. 

“As the single largest buyer of LNG, Jera has its own responsibility...