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JERA Launches New Singapore-Based LNG Unit to Strengthen Supply Security

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Japan's largest power generator JERA has set up a Singapore-based wholly owned unit, JERA GES, to oversee its long-term LNG, upstream, shipping, and lower-carbon fuels portfolio.

The new entity will serve as JERA's exclusive long-term origination platform, working alongside its trading arm, JERAGM, to combine portfolio resilience with short-term market agility, according to a statement on Wednesday.

Irtiza H. Sayyed has been named CEO, while Ryosuke Tsugaru will provide strategic oversight from headquarters.

The new unit will ensure continuity for partners while taking over existing operations to advance lower-carbon fuels and secure Japan's supply amidst market volatility.

JERA is a 50: 50 joint venture between Tokyo Electric Power(TYO:9501) and Chubu Electric Power (TYO:9502).

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