The plans are in response to last winter’s supply squeeze and surging prices
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 balanc
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
