Related Articles
The plans are in response to last winter’s supply squeeze and surging prices
Forward article link
Share PDF with colleagues

Jera plans winter LNG stock build

The Japanese LNG buyer is looking to avoid a repeat of last year’s supply crunch

Japan’s Jera—the fuel-procurement joint venture (JV) between utilities Tokyo Electric Power (Tepco) and Chubu Electric Power—is taking measures to prevent another electricity supply crunch this winter. Jera “will promote additional procurement of LNG... and voluntarily secure and maintain a large LNG inventory throughout the winter season”, in response to "our experience last winter”, the company says. The plans envision increasing inventories to around 2mn t from 1.5mn t for the December-February period. The planned stock build is “unlikely” to risk any knock-on supply crunch, based on the JV’s winter demand outlook. But Jera also called for an “urgent” national discussion on “how to bal



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Letter from South America: Bolivia's shrinking gas role
21 January 2022
Declining production and cheaper LNG threaten the country’s role as gas supplier to its neighbours
US LNG eases European storage crisis
20 January 2022
The US is set to play an even larger role in the global gas market this year, with the country gearing up to overtake Australia as the world’s largest LNG exporter
Wintershall Dea quits Brazil, Argentine shale
20 January 2022
The German independent is overhauling its Latin American portfolio
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video