LNG

Jera gains a European foothold for its surplus LNG

The world’s largest LNG buyer has gained greater access to European LNG infrastructure through its merger with EDF Trading The world’s largest LNG buyer has gained greater access to European LNG infrastructure through its merger with EDF Trading.
By The Wildcat 6 July 2018 0 31632
The first cargo from Wheatstone on its way to Japan. (Chevron Australia)

The merger of Japan’s Jera and EDF Trading (EDFT) this week is evidence that Japanese LNG importers are still concerned about being oversupplied with the fuel and are looking to secure access to European markets to divert excess cargoes.

The move will also see Jera become a leading trader of the fuel. Japanese buyers are starting to worry they have more LNG than they can deliver to the domestic market. Nuclear reactor restarts are set to hit demand while the startup of Australian export projects will...