Late last week, leaders of the U.S. Department of Energy (DOE), the U.S. Department of the Interior, and Japan’s U.S. embassy joined Yukio Kani, global CEO and chairman of JERA Co., Inc. and representatives from several U.S. LNG producers to announce the finalization of four 20-year agreements between JERA and U.S. companies to purchase up to 5.5 million tons per year of American LNG. The agreements are projected to support more than 50,000 U.S. jobs and add more than $200 billion to U.S. GDP according to S&P Global analysis. The agreements include sales and purchase agreements with NextDecade Corporation and Commonwealth LNG, and heads of agreements with Sempra Infrastructure and Cheniere Energy, Inc., to purchase LNG from America’s Gulf Coast. Wow!
U.S. Department of Energy news release: https://lnkd.in/dwqZahSn
Chart: Hitachi Energy Velocity Suite, Image: JERA via LinkedIn