Channel NewsAsia
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AsiaPac · 3 hrs ago

JERA says LNG stocks secured through October, sees no summer supply risk

TOKYO, July 31 : Japan's top power generator JERA said on Friday that it has secured adequate liquefied natural gas inventories through October, and it sees no risk to stable power supply even if a summer heatwave boosts demand."We have secured sufficient LNG stocks for the peak summer demand season from August to October, and there are no issues regarding stable power supply," Masato Otaki, an executive officer at JERA, told reporters.• JERA is Japan's largest LNG buyer, handling about 35 million metric tons annually.• The utility will carefully manage inventories for the winter months by leveraging its global trading arm to optimize procurement, Otaki said, adding that Qatar represents only a small share of its LNG supply portfolio. • Asked about a report that JERA plans to build a large
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