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Market Chatter: JERA Expects LNG Prices Staying Firm on Qatar Repairs, European Demand

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JERA expects LNG prices to stay firm over the next year due to slow Qatar facility repairs and Europe's winter stockpiling, Reuters News reported on Thursday, citing chairman Yukio Kani.

Kani said repairing Qatar's missile-damaged facilities would take more than two years, while Europe's low stockpiles and Russian gas phase-out would keep spot demand strong, the news wire said.

He told reporters that these factors would prevent significant price declines in the near term, the publication said.

JERA, a 50-50 joint venture between Tokyo Electric Power Company (TYO:9501) and Chubu Electric Power (TYO:9502) is Japan's largest power generation company.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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