Latest news with #Jera
Bloomberg
22-07-2025
- Business
- Bloomberg
Japan's power trading set to surge with end of key deal
The shakeup is already driving hedging activity in the futures market, as traders position for potential changes in supply and demand. Trading volumes on the European Energy Exchange AG — the largest bourse for Japanese power derivatives — more than doubled in June from the same month last year. 'We have seen very active hedging trades in the EEX Japan Power futures market to cover the risk exposure from those physical positions for the same period,' said Bob Takai, chief executive officer of EEX Japan. While traders usually hedge summer and winter 2026 contracts at the end of the year, volumes for those seasonal products are already picking up, he added. Still, some traders remain cautious as it's still unclear how much electricity the major retailers will actually procure. Jera, a 50-50 venture between Tepco and Chubu, was founded in 2015 to combine power generation assets and overseas fuel procurement. A spokesperson for TEPCO Energy Partner, the utility's retail arm, declined to comment on specific plans for power procurement. The company will make use of the market and various products for an optimal procurement method and balance, the spokesperson said. Chubu Electric's retail arm will continue to build an appropriate procurement portfolio taking into account factors like economics and stable supply of electricity, a spokesperson said, declining to comment on the details of its contract with Jera. Jera will offer wholesale electricity on equal terms to all retailers, including those at Tepco and Chubu, which must participate in public and brokered sales like any other firm, a spokesperson said. The company plans to expand wholesale offerings to a wider range of retailers from fiscal year 2026, the spokesperson added. Demand has become increasingly difficult to forecast amid extreme weather and natural disasters, highlighting the growing importance of hedging strategies. The recent heat wave pushed day-ahead spot prices to a four-month high on Sunday, making weather a major driver of short-term volatility. In response, EEX is preparing to launch a daily futures product for the Kansai area, giving traders more tools to hedge against regional price swings.
Bloomberg
10-07-2025
- Business
- Bloomberg
Power Trading in Japan Poised to Jump as Key Purchase Deal Ends
Trading volume in Japan's power futures is set to climb as companies prepare for the upcoming expiration of a key agreement between the nation's largest utilities, a shift expected to jolt the market. The power purchase pact, which gives the retail arms of Tokyo Electric Power Co. and Chubu Electric Power Co. access to energy from top generator Jera Co., will lapse at the end of the fiscal year in March. That means the two largest distributors could procure more spot electricity — or, conversely, Jera could flood the market.
Borneo Post
18-06-2025
- Business
- Borneo Post
Petronas, Jera reaffirm ties towards sustainable energy future
The MOU between Petronas and Jera was signed during Energy Asia 2025 by Adif (second from left) and Ryosuke (second from right) witnessed by Taufik (left) and Yukio. KUALA LUMPUR (June 18): Petroliam Nasional Bhd (Petronas) and Jera have agreed to expand their collaboration across the gas value chain with the signing of a memorandum of understanding (MOU) including providing reliable liquefied natural gas (LNG) supply for Japan. The agreement builds upon Petronas and Jera's long-established partnership since 1983. The MOU was signed during Energy Asia 2025 with Petronas represented by its executive vice president of gas and maritime business Datuk Adif Zulkifli, and Jera represented by senior managing executive officer and chief low carbon officer Ryosuke Tsugaru. It was witnessed by Petronas president and group chief executive officer, Tan Sri Tengku Muhammad Taufik, and Jera Global chief executive officer and chair, Yukio Kani. Petronas has been delivering LNG to Japan for over four decades and is committed to continue meeting customer needs with reliable delivery of LNG. Jera has been purchasing LNG from Malaysia and other countries and securing stable energy supply for the customers. As long-term partners, Petronas and Jera are mutually committed to meet market demands with lower-carbon energy solutions. The companies will continue to explore initiatives aligned with this shared goal as part of both organisation's broader decarbonisation strategy. Energy Asia 2025 lng oil and gas Petronas Tengku Muhammad Taufik
Free Malaysia Today
12-06-2025
- Business
- Free Malaysia Today
Japanese energy giant Jera to boost LNG imports from US
Jera said its new agreements will allow it to procure up to 5.5 million extra tonnes of LNG per year from the US. (EPA Images pic) TOKYO : Japan's largest power generation company said today it would ramp up imports of liquefied natural gas (LNG) from the US, as the government in Tokyo pushes for a trade deal with Washington. Jera said it had signed supply deals from four US gas projects in Texas and Louisiana under new 20-year contracts. The agreements 'advance Jera's long-term strategy to build a diversified and resilient LNG procurement portfolio in support of stable, secure energy for Japan and Asia,' it said. US President Donald Trump wants to expand his country's fuel production and exports, having pledged to 'drill, baby, drill' for oil and gas during the election campaign. The deal comes as Japanese officials are locked in discussions with their US counterparts to dial down Trump's 'Liberation Day' trade tariffs, with fuel and agriculture imports said to be one bargaining chip for Tokyo. Jera said its new agreements will allow it to procure up to 5.5 million extra tonnes of LNG per year from the US. It currently imports 3.5-4 million tonnes. The US department of the interior hailed the agreements as 'yet another major milestone for President Trump's commitment to increase investment in the US and unleash American dominance'. 'This commitment… will bring in almost a quarter trillion dollars to our nation's economy and support over 50,000 American jobs for our country's LNG industry,' Interior Secretary Doug Burgum said in a statement. Jera currently produces about 30% of Japan's electricity, according to its website. Resource-poor Japan – the world's fifth largest single-country emitter of carbon dioxide – last year imported a total of 65.9 million tonnes of LNG. As of 2023, LNG imports from Australia accounted for 41.6% of all Japanese LNG imports, followed by Malaysia at 15.6%, Russia's 9.3%, and the US' 8.4%, according to the trade ministry. In February, Japanese Prime Minister Shigeru Ishiba promised Trump that yearly Japanese investment would increase to US$1 trillion.
Time of India
12-06-2025
- Business
- Time of India
Japanese energy giant Jera to boost LNG imports from US
Tokyo: Japan's largest power generation company said on Thursday it would ramp up imports of liquefied natural gas (LNG) from the United States, as the government in Tokyo pushes for a trade deal with Washington. Jera said it had signed supply deals from four US gas projects in Texas and Louisiana under new 20-year contracts. The agreements "advance Jera's long-term strategy to build a diversified and resilient LNG procurement portfolio in support of stable, secure energy for Japan and Asia", it said. US President Donald Trump wants to expand his country's fuel production and exports, having pledged to "drill, baby, drill" for oil and gas during the election campaign. The deal comes as Japanese officials are locked in discussions with their US counterparts to dial down Trump's "Liberation Day" trade tariffs, with fuel and agriculture imports said to be one bargaining chip for Tokyo. Jera said its new agreements will allow it to procure up to 5.5 million extra tonnes of LNG per year from the United States. It currently imports 3.5-4 million tonnes. The US Department of the Interior hailed the agreements as "yet another major milestone for President Trump's commitment to increase investment in the US and unleash American dominance". "This commitment... will bring in almost a quarter trillion dollars to our nation's economy and support over 50,000 American jobs for our country's LNG industry," Interior Secretary Doug Burgum said in a statement. Jera currently produces about 30 percent of Japan's electricity, according to its website. Resource-poor Japan -- the world's fifth largest single-country emitter of carbon dioxide -- last year imported a total of 65.9 million tonnes of LNG. As of 2023, LNG imports from Australia accounted for 41.6 percent of all Japanese LNG imports, followed by Malaysia at 15.6 percent, Russia's 9.3 percent, and the United States' 8.4 percent, according to the trade ministry. In February, Japanese Prime Minister Shigeru Ishiba promised Trump that yearly Japanese investment would increase to $1 trillion.
