Japan's JERA buys on LNG spot market to ensure winter power supply

TOKYO : Japan's biggest power generator JERA has procured 2 million tonnes of liquefied natural gas on the spot market to be delivered between November and March to ensure adequate power supply during the peak winter demand season, a company official said on Wednesday.

Japan's government has warned that electricity supplies this winter could be at their tightest in a decade amid a surge in global energy prices that is hampering economic recovery from the pandemic. To ensure fuel supply, JERA plans to keep its LNG inventory level at 1.7 million tonnes during December and February, 0.2 million tonnes higher than usual, Noguchi said.

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