JERA, one of the world’s largest LNG buyers and part of Japan’s biggest power
producer, is seeking to expand long-term LNG sales overseas to absorb surplus
volumes and broaden its global business, Jera Global Energy Solutions CEO Irtiza
Sayyed said the company is looking to identify markets where additional volumes
can be sold. Many Asian buyers are shifting to non-Gulf suppliers after ongoing
Middle East fighting disrupted ultra-cold fuel shipments through the Strait of
Hormuz, which handled about one-fifth of global flows, prompting contracts with
exporters outside the Persian Gulf to reduce transit risk.
