Japan’s JERA, the world’s largest buyer of liquefied natural gas (LNG), and Dubai Supply Authority signed a deal on cooperation in the LNG business.
JERA, a joint venture between Tepco and Chubu Electric, said in a statement it and DUSUP would discuss opportunities for mutual collaboration in the LNG business, including joint procurement of the chilled fuel and opportunities for cooperation related to LNG shipping and storage capacity.
DUSUP buys natural gas through national and international pipelines and through the development of an FSRU LNG import facility in Jebel Ali.
“JERA believes that strengthening its relationship with DUSUP will contribute to expanding business opportunities for both companies,” the company said in the statement.
The Tokyo-based company recently signed a similar deal with South Korea’s Kogas and China’s CNOOC Gas and Power Trading & Marketing to cooperate in the LNG business and to secure more flexible contracts.
JERA said it would continue to work together with LNG industry counterparts both within and outside Japan as it seeks to “achieve even more competitive procurement in an LNG market undergoing great change.”