QatarEnergy has signed a sale and purchase agreement with Japan’s JERA for the supply of up to 3 million tons per year of liquefied natural gas (LNG). liquefied natural gas (LNG) (LNG) from 2028. This 27-year contract represents one of the longest commitments in global energy trading and consolidates Qatar’s influence in the Asian market.
An agreement that aims at Japan’s energy stability
The signing of the contract took place during the 21st International LNG Conference held in Doha, where senior executives from both companies participated. For JERA, Japan’s leading power generator, this agreement ensures a steady flow of fuel that supports its strategy of energy security and supply diversification.
The long-term commitment strengthens Qatar’s role as a stable and reliable supplier of LNG in Asia. At a time of increasing competition for Japanese market share, this agreement allows QatarEnergy to catch up with exporters such as the United States and Australia. In addition, the supply will come from the expansion of North Fieldone of the world’s most ambitious gas production projects. gas production projects in the world. gas production projects in the world.
JERA and its commitment to sustainable contracts
JERA, which operates the entire energy value chain from fuel procurement to electricity and gas generation and distribution, has been renewing its portfolio of long-term LNG contracts as a measure against market volatility.
This new agreement with QatarEnergy fits into its plan to ensure secure and predictable sources to power its vast generation infrastructure.
Qatar consolidates its leadership by exporting LNG to Japan
Growing Asian demand, especially in countries with ambitious energy transition plans, continues to drive the need for stable agreements such as the one reached between QatarEnergy and JERA. Such alliances are becoming a key strategy for large buyers looking to hedge against spot market swings.
Collaboration between Qatar and Japan in energy matters dates back to the 1990s. This new contract reaffirms the mutual trust between the two nations and marks a further step in consolidating the security of gas supply for one of the world’s most important markets.
Source and photo: QatarEnergy