JERA Signs Its First Long-Term LNG Supply Agreement with India’s Torrent Power, Leveraging Complementary Seasonal Demand in Asia2025/12/08

JERA Co., Inc. (“JERA”), Japan’s largest power generation company and a global leader across the liquefied natural gas (LNG) value chain, today announced the signing of its first long-term LNG Sale and Purchase Agreement (SPA) to supply LNG outside Japan, with Torrent Power Limited (“Torrent Power”), one of India’s leading integrated power utility companies. 

Under the agreement, JERA will supply four LNG cargoes per year, approximately 270,000 tonnes per annum, on a Delivered Ex-Ship (DES) basis from its extensive LNG portfolio. This supply is scheduled for a period of ten years, commencing in 2027.

The LNG procured under this agreement will be strategically utilized by Torrent Power, including to operate its 2,730 MW portfolio of combined cycle Gas-Based power plants in India, to meet the country’s rising power demand, support peak demand periods, and balance renewables generation. It will also support the growing LNG requirement of the Torrent Group’s City Gas Distribution (CGD) arm – Torrent Gas Ltd.’s (TGL), to ensure reliable supply of gas for households, commercial and industrial consumers and compressed natural gas (CNG) vehicles. 

The partnership strategically leverages the complementary seasonal demand patterns of Japan and India. By supplying to Torrent Power during India’s high demand windows, JERA can optimize utilization of its global fleet during Japan’s lower-demand months, enhancing overall supply stability across both markets.

Ryosuke Tsugaru, Chief Low Carbon Fuel Officer at JERA, said: “Aligned with JERA’s Growth Strategy, this agreement marks an important step in diversifying our procurement and sales portfolio while contributing to the region’s growing energy needs. Expanding into high-growth markets such as India allows us to broaden our LNG capabilities in ways that complement regional demand patterns and enhance our ability to respond to different demand cycles, enabling us to continue delivering stable energy across Japan and Asia.” 

Looking ahead, JERA will continue to build a robust LNG portfolio across the Middle East, Asia, and the United States to strengthen resilience against market volatility. Leveraging JERA Global Market’s trading and optimization capabilities, the company aims to enhance cost competitiveness and expand its LNG sales footprint into the Asian markets.
 

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, including participation in upstream gas exploration and production, LNG projects, fuel procurement and transportation, and power generation globally. In support of a responsible energy transition, JERA has committed to achieving net-zero CO₂ emissions from its domestic and overseas businesses by 2050. 

＜Overview of Sale and Purchase Agreement＞