JERA Global Markets launches LNG business

One of Jera’s LNG carriers; Image courtesy of KHI

JERA Global Markets (JERAGM) has launched its LNG business following the merging of JERA and EDF Trading’s LNG optimization and trading activities. 

To remind, the companies announced the completion of the merging on Tuesday, April 2, and stated that JERAGM would be the exclusive LNG optimizer for JERA and EDF.

The new company would manage their collective short and medium-term LNG optimization activities in the wholesale markets.

JERA holds 66.67 percent of the equity in JERAGM through its unit JERA Trading International. EDFT holds 33.33 percent of the shares in JERAGM.

According to a statement on Wednesday, the JERAGM LNG team manages the flexibility of over 35 million tonnes of supply each year and has structural access to both the European and North American gas markets through EDF Trading.

The companies added that JERAGM was capitalized with $900 million of total equity and $950 million of committed shareholder facilities.

Share this article

Follow LNG World News

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >