Undergoing these significant changes, in order to ensure a stable energy supply in Japan, JERA will continue to work together with LNG buyers and other leading companies both within and outside Japan such as KOGAS as it seeks to enhance procurement capabilities. LNG will play an even more important role as Transition Energy not only in Europe but also in Asia. In responding to these circumstances, under this MOU, JERA and KOGAS, which are among the largest buyers in the global LNG market, will strengthen their strategic relationship and consider developing schemes of cooperation regarding their LNG supply & demand, to enhance stable energy supply in Japan and Korea.Īs a long-term matter, there is an acceleration of the Energy Transition to a carbon-neutral future. Russia's invasion of Ukraine has created a severe energy environment, such as the reduction of pipeline gas supply to Europe, and the uncertainty regarding global energy supply is drastically increasing. Under this MOU, for the sake of securing supply stability of LNG, JERA and KOGAS agreed to discuss opportunities for mutual collaboration in the LNG business including LNG swaps, trading, ship optimization, and market view exchange. 16, Korea-Japan Memorandum On Cooperation Between The Fair Trade Commission Of The Republic Of Korea And The Fair Trade Commission Of Japan,. (“JERA”) is delighted to announce that it has entered into a Memorandum of Understanding (“MOU”) with Korea Gas Corporation (“KOGAS”), regarding cooperation in the LNG business. Conclusion of MOU between JERA and KOGAS Concerning Cooperation in LNG Business 0
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