Jera steps on the gas in Asia
The Japanese energy heavyweight sees LNG as the right fuel at the right time for developing Asian economies
Japan’s Jera hit a significant milestone in its journey to becoming the country’s largest integrated energy player in April this year when it completed the acquisition of the fuel receiving, storage, and gas transmission businesses and the thermal power generation assets of its two parent companies, utilities Tokyo Electric Power (Tepco) and Chubu Electric. It was only as recently as late 2014 that Tepco and Chubu signed the memorandum of understanding that foresaw Jera’s creation, and early 2015 when the joint venture agreement was formalised. Since then, Jera has progressively assumed responsibility for its parents’ new business development; their existing fuel transportation and fuel tra
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