Japan’s biggest LNG importer and largest power producer, JERA, has secured its LNG supply through July and will adjust its procurement strategy to be more flexible amid the Middle East conflict that has trapped LNG supply behind the Strait of Hormuz. “At present, we have…
Japan’s biggest LNG importer and largest power producer, JERA, has secured its LNG supply through July and will adjust its procurement strategy to be more flexible amid the Middle East conflict that has trapped LNG supply behind the Strait of Hormuz. “At present, we have sufficient stock to last until July,” Masato Otaki, JERA’s Executive Officer and Head of the Financial Strategy and Planning Division, said on Monday, as carried by Reuters. “Depending on how long the blockade continues, we will need to adjust our procurement…