Your Portal for Key Energy Information and Research

Jera

Company Summary

Description

Jera is a joint venture between Tokyo Electric Power Co (Tepco) and Chubu Electric, Japan's biggest and third-biggest utilities, set up in April with an aim to become the cheapest LNG buyer in East Asia.

Website

http://www.reuters.com/article/mozambique-lng-anad...

Related Entities

Firm Transport Commitments

Project: East - West Project
Firm Commitment: 100,000 Dth/d

Project: LNG Canada Export Facility
Firm Commitment: 1.2 mtpa

Recent news

  • 9/26/2023 - JERA to Decommission... (subscriber access)
  • 4/28/2023 - Venture Global Inks LNG... (subscriber access)
  • 4/11/2023 - Japanese, Korean Energy... (subscriber access)
  • 3/9/2023 - JERA, Chevron to... (subscriber access)
  • 1/30/2023 - JERA Forecasting 1Q23... (subscriber access)

Company Transactions

Date: 3/31/2022
Type: Acquisition

BUYERS:
  • Jera
    • SELLERS:
  • Santos Ltd
    • PROJECTS:
  • Barossa Project
    • DETAILS:

    COST: 300 $MM

    NOTES:
    Santos has signed a deal to sell a 12.5% interest in the Barossa Project to JERA, with the deal closing in the first half of 2022. JERA will reimburse Santos for its share of capital expenditures on the project, with a total of $300 million due upon closing.
    REGIONS:
  • Australia

    • Date: 9/27/2021
    Type: Acquisition

    BUYERS:
  • Jera
    • SELLERS:
  • Aboitiz Equity Ventures
  • Aboitiz Power Corporation
    • DETAILS:

    COST: 1.58 $B

    NOTES:
    Japan's JERA has made a $1.58 billion investment into Aboitiz Power, a utility company in the Philippines. This will give them a 27% stake in the entity, as the firm pushes to grow its assets from 4.6 GW to a 2030 level of 9.2 GW, including 50% renewables.
    REGIONS:
  • Asia

    • Date: 10/20/2020
    Type: Acquisition

    BUYERS:
  • Squadron Energy
    • SELLERS:
  • Australian Industrial Energy
  • Jera
  • Marubeni Corporation
    • PROJECTS:
  • Port Kembla Gas Terminal (PKGT)
    • DETAILS:
    NOTES:
    Private firm Squadron Energy, helmed by billionaire Andrew Forrest, has acquired full control of the Port Kembla Gas Terminal. They bought out a 30.1% stake in Australian Industrial Energy from Marubeni and a 19.1% stake from JERA for an undisclosed price.
    REGIONS:
  • Australia

    • Date: 9/30/2018
    Type: Acquisition

    BUYERS:
  • Jera
    • SELLERS:
  • Starwood Energy Group
  • Compass Power Generation
    • ASSETS:
  • Dighton Power Plant
  • Marcus Hook Energy Center
  • Milford Power LP
    • DETAILS:

    VOLUMES: 1173 MW

    NOTES:
    Starwood Energy Group has entered into a deal to sell a 50% equity stake in Compass Power Generation to JERA. Compass holds a stake in the 840 MW Marcus Hook Energy Center, the 173 MW Dighton facility and the 160 MW Milford facility.