JERA Signs Letter of Intent to Explore LNG Offtake from Alaska LNG Project2025/09/11

JERA Co., Inc. (“JERA”), announced today that it has signed a Letter of Intent (“LOI”) with Glenfarne LLC (“Glenfarne”) to advance discussions about liquefied natural gas (LNG) offtake from the Alaska LNG Project.

In June, JERA announced approximately 5.5 MTPA of LNG offtake from the US Gulf Coast which allows flexible access to the global LNG market, including Japan, at a competitive cost, Alaska LNG offers unique advantages of abundant gas resources which are otherwise stranded and proximity to the growing LNG markets in Asia, which could contribute to the regional LNG supply security. The LOI will facilitate information exchange and collaboration with Glenfarne as JERA prudently assesses the project’s timelines and economics.

“Today’s announcement by JERA and Glenfarne is another important step forward for the Alaska LNG project,” Secretary Wright said. “Alaska LNG will not only be one of the greatest energy infrastructure projects in our nation’s history, but also provides enormous energy security to the United States and our allies.”

Ryosuke Tsugaru, JERA’s Chief Low Carbon Fuel Officer, said, “We value the Alaska LNG Project for its prospects to provide reliable, stable, and competitive LNG supply. This LOI provides a platform for continued dialogue with Glenfarne, and as more details become available, we look forward to deepening our understanding of the project.”

Glenfarne Chief Executive Officer and Founder Brendan Duval said, “Our agreement with JERA, one of the leading LNG companies in the world, follows months of committed discussions on both sides to open a new and diversified energy supply that strengthens energy security and spurs long-term economic growth for both Alaska and Japan. I am grateful for our partnership and collaboration as Glenfarne builds on this momentum with commercial parties across the Pacific region.”
 

JERA remains committed to building a resilient and diversified LNG portfolio that mitigates regional risks by balancing procurement from key regions such as the Middle East, Asia, and the United States. Furthermore, by leveraging the optimization and LNG operational capabilities accumulated through years of experience, including those of JERA Global Markets, we aim to strengthen our cost competitiveness and diversify our sales flows. These efforts will help secure resilient supply options for Japan and other Asian countries.

About JERA

JERA is a global energy leader and Japan’s largest power generation company focused on providing cutting-edge solutions to the world's energy issues. Established in 2015, the Company produces one-third of Japan’s electricity, and is one of the largest LNG buyers in the world. JERA has global reach and strength throughout the energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. In support of a responsible energy transition, JERA has committed to achieving net-zero CO₂ emissions from its domestic and overseas businesses by 2050.