JERA Co., Inc and Saibu Gas Co., Ltd have agreed to collaborate in the strategic use of Hibiki LNG terminal to strengthen stable procurement of LNG and advance global business development.
Based on the agreement, JERA becomes able to use the third LNG tank, which can be expected to improve its ability to address growing volatility in the electricity supply-demand balance caused by the large scale adoption of renewable energy and seasonal disparities in electricity demand.
For Saibu Gas, the construction of the third LNG tank enables it to capture demand and ensure supply stability, and using the third LNG tank together with JERA also enables reciprocal LNG sharing between the two companies and ensures the terminal’s stable operation and profitability.
In addition, JERA and Saibu Gas will aim to expand profitability by leveraging the advantageous location of Hibiki LNG terminal to drive business in Asia and globally.
Through the agreement, the JERA and Saibu Gas will contribute to the stability of Japan’s energy supply, to decarbonisation in Asia and globally, and to solving the world’s energy issues.