Overview

• JERA will acquire up to 5.5 million tonnes per annum of U.S. LNG under 20-year deals with Sempra’s Port Arthur, Cheniere Marketing’s Corpus Christi and Sabine Pass, Commonwealth LNG’s Louisiana project and NextDecade’s Rio Grande terminal.
• The agreements carry free-on-board terms with no destination restrictions and deliveries are scheduled to start around 2030.
• With U.S. supply rising to nearly 30 percent of its portfolio from 10 percent, JERA is reducing its reliance on Australian imports to enhance energy security.
• An S&P Global estimate projects the contracts could add $200 billion to U.S. GDP and create about 50,000 jobs each year during their term.
• JERA Global CEO Yukio Kani said cost-competitive and flexible LNG is essential to meet surging power demand driven by expanding data centers.