Japan's largest power producer, JERA, has signed a contract with a new company established by the Russian government to procure LNG (liquefied natural gas) for the Sakhalin 2 oil and natural gas development project in the Far East of Russia. made it clear.
The main terms of the contract will remain unchanged, and procurement will continue as usual.
From Sakhalin 2, JERA, a power generation company invested by TEPCO and Chubu Electric Power, and Tokyo Gas have procured LNG under long-term contracts. I got the notification I was looking for.
In response, JERA announced on the 25th that it had signed a contract with the new company.
JERA had previously signed contracts to purchase up to 2 million tonnes of LNG annually, nearly 10% of its imports, through 2029.
Although the detailed conditions of the contract have not been disclosed, the main conditions such as procurement volume and purchase price will remain unchanged from the previous contract, and procurement will continue as usual.
Other power and gas companies are expected to sign procurement contracts soon.
On the other hand, Mitsui & Co. and Mitsubishi Corporation will soon notify the Russian government of their plans to participate in the new company in order to maintain their interests in Sakhalin 2, and the Russian side's decision will be the focus from now on.