Jera and Uniper team up for LNG and ammonia transactions
Japanese energy giant Jera and Germany’s energy company Uniper have signed deals on the procurement and sale of LNG, and clean ammonia from the United States.
On 5 September, Jera Americas entered into memorandums of understanding (MoU) with Uniper Global Commodities and Uniper Global Commodities North America.
The MoU on the procurement and sale of LNG is aimed at improving the stability of energy supply in both Japan and Germany, through cooperation between the two companies. Jera and Uniper are considering jointly optimization of their respective LNG portfolios for supply to Japan and Germany and improvement of them for enhancement of the long-term stable supply.
Based on the MoU of the U.S. clean ammonia procurement and sale, the two companies are collaborating to facilitate large-scale clean ammonia production projects in the U.S. to address the global challenge of decarbonization.
Jera, with its partner ConocoPhillips, is considering the development of projects on the U.S. Gulf Coast to produce hydrogen and convert it into clean ammonia to be supplied to JERA and Uniper. The goal is to increase ammonia supply for use in Europe, and in the future, in Japan, and greater Asia.
The Japanese company said it will contribute to providing solutions through the stable procurement of LNG to energy security issues in the short- and medium-term and actively work on the advancement of energy decarbonization in the medium- to long-term.