Conclusion of Sales and Purchase Agreement with EDF Trading2016/05/26

JERA Co., Inc. ("JERA") is delighted to announce that it has entered into a Sales and Purchase Agreement ("SPA") with EDF Trading Limited ("EDFT") for the sale of LNG.

This SPA is for the sale of up to approximately 1.5 MT to EDFT at European LNG terminals for a period of approximately two and a half years beginning in June 2018. The price of LNG sold will be linked with European gas market price and the volume sold can be adjusted by JERA's discretion.

This enables JERA to secure the flexibility to correspond with the LNG demand fluctuation and also expand the opportunity for LNG trading business toward the future. JERA will continue to seek such activity for the flexible structure of the LNG procurement, aiming to reduce the LNG price in Asia.