JERA

JERA Signs Agreement with Dunkerque LNG, Advancing Global Optimization of Supply and Demand

Thu, 19 Mar 2026 09:32:10 +0900

JERA Co., Inc. (“JERA”) today announced that it has signed a Throughput Agreement with Dunkerque LNG SAS (“Dunkerque LNG”) to secure regasification capacity of 2 billion cubic meters (bcm) per year, equivalent to approximately 1.5 million tonnes of LNG annually, at the Dunkerque LNG terminal in Dunkirk, France. The six‑year agreement will commence in 2031. This marks JERA’s first acquisition of overseas LNG terminal capacity and strengthens the company’s ability to manage global LNG supply and demand.

The agreement with Dunkerque LNG complements JERA’s expanding LNG procurement portfolio, including the 5.5 million tonnes per year of new long‑term LNG supply from the United States under flexible FOB contracts (announced here). By securing regasification capacity at the terminal, JERA enhances the flexibility of its global LNG portfolio, enabling more efficient balancing of LNG supply and demand across regions. This also creates opportunities to respond to demand differences between Asia and Europe while supporting the diversification of the company’s LNG sales flows.

Japan’s LNG demand has become increasingly variable due to the aging of oil‑fired power plants and the rapid expansion of renewable energy, while geopolitical and market uncertainty continues to grow. As a result, greater flexibility in fuel procurement and operations is becoming increasingly important to maintaining energy security.

“Strengthening flexibility across our LNG supply chain is essential to ensuring stable energy supply in an increasingly uncertain environment,” said Ryosuke Tsugaru, Chief Low Carbon Officer at JERA. “By expanding access to international LNG infrastructure to complement our diversified LNG portfolio, we are enhancing our ability to respond to changing market conditions while supporting Japan’s energy security.”

Looking ahead, JERA will continue to develop a robust, globally balanced LNG portfolio spanning the Middle East, Asia Pacific region, and the United States to enhance resilience against market volatility. By leveraging the trading and optimization capabilities of JERA Global Markets, the company aims to improve cost competitiveness while expanding LNG sales channels, including the development of new LNG demand in Asia.

＜Overview of Throughput Agreement＞

Customer	JERA Co., Inc.
Operator	Dunkerque LNG SAS
Contract Period	From 2031 for 6 years
Contract Volume	2 bcm of regasification capacity per year

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 aims to achieve net-zero CO₂ emissions from its domestic and overseas businesses by 2050.
For more details: /english

JERA Signs MOU with KOGAS to Enhance Cooperation in LNG Operation

Sat, 14 Mar 2026 13:41:03 +0900

JERA Co., Inc. (“JERA”) today announced the signing of a memorandum of understanding (MOU) with Korea Gas Corporation (“KOGAS”) to enhance cooperation in LNG operation, with the aim of strengthening energy security in Japan and the Republic of Korea.

Under the MOU, the two companies will establish a framework to optimize LNG shipping and terminal operations. Areas of cooperation include discussing supply and demand trends and exploring cargo swaps to enhance portfolio flexibility and logistical efficiency across their LNG terminal networks.

The signing of the MOU was acknowledged in the presence of ministers from the Republic of Korea’s Ministry of Trade, Industry and Resources and Japan’s Ministry of Economy, Trade and Industry on March 14, 2026, reflecting the importance both governments place on strengthening regional energy cooperation.

As neighboring energy-importing economies with large LNG demand, Japan and the Republic of Korea share a strong interest in enhancing supply resilience and flexibility across the region, including through closer operational coordination among major LNG buyers.

Amid rising geopolitical tensions and market uncertainties, global energy markets are becoming increasingly volatile. As energy demand across Asia continues to grow alongside ongoing decarbonization efforts, LNG is expected to play an important role in ensuring reliable electricity supply and complementing renewable energy sources.

“As two of the world’s largest LNG importers, JERA and KOGAS share a strong commitment to ensuring reliable and efficient LNG supply across the region. In today’s increasingly complex energy landscape, closer cross-border collaboration among LNG-importing economies will play an important role in strengthening supply resilience and supporting energy security across the region,” said Yukio Kani, Global CEO and Chair of JERA.

JERA remains committed to ensuring a stable energy supply for Japan through strategic LNG procurement and resilient operations. By strengthening collaboration with global partners, including KOGAS, JERA will continue to enhance the LNG value chain and build a more flexible and responsive framework to adopt to fluctuations in supply and demand while supporting the stability of regional energy markets.

Ceremony Photo

JERA to refocus Australian LNG portfolio with transfer of shares in Gorgon and Ichthys LNG Projects

Thu, 12 Mar 2026 09:17:10 +0900

JERA Co., Inc. (“JERA”), a global energy leader and Japan’s largest power generation company, today announced that it had – through its subsidiary JERA Australia Pty Ltd – entered into an agreement with MidOcean Energy (“MidOcean”), a LNG company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, under which MidOcean will acquire JERA’s interests in the Gorgon LNG Project (in which MidOcean is an existing joint venture partner), and the Ichthys LNG Project.

The transaction is subject to the satisfaction of relevant conditions precedent. The transfers of both projects are subject to government approvals and the satisfaction of contractual conditions with certain project partners.

JERA will maintain a strong presence in key Australian LNG projects and as part of its responsibility to help ensure Japan’s ongoing energy security, will continue to procure LNG from both the Gorgon and Ichthys LNG projects following completion of the corporate transactions.

JERA remains committed to its Australian LNG portfolio and will concentrate on its biggest Australian assets, including:

•   A long standing investment in Chevron’s Wheatstone LNG Project in Western Australia, managed via PE Wheatstone Pty Ltd;
•   The Barossa Gas Project – newly online, and operated in the Northern Territory by Santos Limited; and
•   The Scarborough gas field development project - due to start production in H2 2026 and operated by Woodside Energy in Western Australia.

JERA Senior Managing Executive Officer and Chief Low Carbon Fuel Officer, Mr Ryosuke Tsugaru, said:

“JERA, through its founding shareholders Tokyo Electric Power Company and Chubu Electric Power, has participated in seven LNG and gas projects in and around Australia, beginning with the Darwin LNG Project. Since its establishment in 2017, JERA Australia has been responsible for managing and developing LNG projects in the region on behalf of the JERA Group.”

“Australia remains strategically important to JERA as a trusted and reliable supplier of LNG and JERA looks forward to many more years of energy security for Australia, Japan and the region.”

“While we continue to optimize JERA’s asset portfolio, there is no question that both projects have played - and continue to play - a vital role in ensuring the stable supply of LNG and generation of electricity in Japan.”

JERA and MidOcean are also planning future collaborations, exploring further transactions and opportunities across other assets globally.

Mr. R. Blair Thomas, MidOcean Chairman and EIG CEO, said:

“This transaction advances MidOcean’s strategy to build a scaled, globally diversified LNG company anchored by high-quality assets and counterparties. Increasing our position in Gorgon enhances the quality and durability of our portfolio while expanding our equity exposure to one of the industry’s benchmark LNG projects. Looking ahead, our collaboration with JERA, including exploring the establishment of a strategic alliance, positions us to pursue additional high-quality opportunities in a disciplined and repeatable way.”

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 aims to achieve net-zero CO₂ emissions from its domestic and overseas businesses by 2050.
For more details: /english

About MidOcean Energy
MidOcean Energy, an LNG company formed and managed by EIG, seeks to build a diversified, resilient, cost- and carbon-competitive global LNG portfolio. It reflects EIG’s belief in LNG as a critical element of a lower carbon, competitive and more secure global energy system. MidOcean Energy has diverse LNG interests, including in LNG Canada, Gorgon LNG, Pluto LNG, QCLNG and Peru LNG. The company is headed by De la Rey Venter, a 27-year industry veteran who has held a variety of senior executive roles, including Global Head of LNG for Shell Plc.
For additional information, please visit MidOcean Energy’s website at www.midoceanenergy.com or EIG’s website at www.eigpartners.com.

About EIG
EIG is a leading institutional investor in the global energy and infrastructure sectors with $25.4 billion assets under management as of December 31, 2025. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 43-year history, EIG has committed over $53.4 billion to the energy sector through 425 projects or companies in 44 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul.

Executive Appointment (Director)

Thu, 05 Mar 2026 10:04:14 +0900

JERA Co., Inc. (“JERA”) announces that its Board of Directors has today determined one candidate for a director position for which approval will be sought at the Extraordinary General Shareholders’ Meeting scheduled for early April 2026.

1. New Candidate for Director (to be resolved at the Extraordinary General Shareholders’ Meeting scheduled for early April 2026)

New Position

Name

Current Position

Director

Senior Managing Executive Officer
Chief Risk Officer (CRO)

Kazunori Kasai

Senior Managing Executive Officer
Chief Optimization Officer (COPTO)

2. Retiring Director (effective March 31, 2026)

Current Position

Name

Director

Corporate Vice President, Managing Executive Officer

Chief O&M Engineering Officer (COMEO)

Tetsuya Watabe

Reference: Board of Directors Structure Following the Resolution at the Extraordinary General Shareholders’ Meeting scheduled for early April 2026

Title	Name
Global CEO and Chair*1	Yukio Kani
President, Director, CEO and COO*1	Hisahide Okuda
Corporate Vice President, Managing Executive Officer, Director Chief Financial Officer (CFO)	Kazuo Sakairi
Senior Managing Executive Officer, Director, Chief Risk Officer (CRO)	Kazunori Kasai
Independent Outside Director*2	Joseph M. Naylor
Independent Outside Director*2	Miyuki Suzuki
Independent Outside Director*2	John Rittenhouse
Independent Outside Director*2	Lim Hwee Hua
Outside Director*2	Akihiro Watanabe
Independent Outside Director*2	David Crane
Independent Outside Director*2	Shiro Kuniya
Outside Director*2	Kazuhiro Nabeta
Outside Director*2	Daisuke Sakai

*1 Mr. Kani and Mr. Okuda are Representative Directors under the Companies Act of Japan.
*2 The term “Outside Director” refers to an outside director as defined in Article 2, Item 15 of the Companies Act (the same applies below), and the term “Independent Outside Director” refers to an outside director who satisfies JERA’s independence criteria (the same applies below).

Reference 1: CV of New Candidate for Director

Reference 2: Director Skills Matrix

JERA to Collaborate with Amazon to Drive Digital Innovation and Energy Solutions for the Future

Wed, 04 Feb 2026 17:05:52 +0900

JERA Co., Inc. ("JERA") announced today that it is engaged in discussions with Amazon Web Services ("AWS") to enhance their collaboration in the areas of digital innovation and energy solutions.

In recent years, AI technologies, including generative AI, have been increasingly adopted across industries, and are expected to further evolve as transformative drivers for future societies and industries. In light of these advancements in these technologies, JERA will promote the following initiatives with AWS: Optimizing the entire value chain by applying AI and cloud technologies, and providing diverse energy solutions for AWS’s facilities, including data centers (“DCs”) globally that support the development and implementation of AI technologies.

・Digital Innovation: JERA will leverage AWS’s AI and cloud technologies, and expertise to achieve advanced optimization across JERA’s entire business value chain. This includes enhancing the Internet of Things (IoT) platforms that manage JERA’s power plants in Japan and analyzing their vast amount of operational data to enable faster anomaly detection. JERA will also build an unstructured data platform on AWS to further advance the company’s maintenance practices.

・Energy Solution: The two companies will discuss to provide JERA’s diverse energy solutions, including renewable energy, for the power supply and related services at AWS’s facilities, including DCs, globally.

As a global energy company, JERA is committed to delivering cutting-edge solutions to address the world’s energy issues. Through the collaboration with AWS, JERA will integrate digital technologies with renewable energy and low-carbon thermal power to provide a clean energy supply platform that contributes to the sound growth and development of the global community.

Junya Tawa, JERA’s Chief Strategy Officer, said: “AI plays a central role in supporting the foundations of society, and its importance is steadily rising. Meanwhile, the broader adoption of these technologies has brought to light new social challenges, most notably the rapid increase in energy demand. Addressing this challenge will require closer collaboration between technology and energy companies - two sectors that have historically operated independently. I am confident that our collaboration with Amazon will be a significant step toward developing innovative solutions that support sustainable growth and deliver new value to society.”

Hiroyuki　Tsutsumi, Director, Enterprise Business Unit at Amazon Web Services Japan said, “Amazon has a goal to reach net-zero carbon across our operations by 2040, and we're pleased to collaborate with JERA to discuss diverse energy solutions, including renewable energy. We're also proud that AWS cloud services, including generative AI capabilities, will continue to support JERA's digital transformation and accelerate their energy transition efforts. AWS looks forward to the collaboration with JERA to drive innovation toward a more sustainable future.”

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.

JERA, METI, and QatarEnergy Sign Memorandum of Understanding on Emergency Supply Cooperation for Japan

Tue, 03 Feb 2026 21:57:40 +0900

JERA Co., Inc. (“JERA”), a global energy leader and Japan’s largest power generation company, today announced that it has signed a memorandum of understanding (“MOU”) with Japan’s Ministry of Economy, Trade and Industry (“METI”) and state‑owned QatarEnergy to establish a trilateral cooperation framework for securing additional liquefied natural gas (“LNG”) supplies during emergency situations.

Global energy market faces increasing uncertainty from geopolitical developments and large-scale natural disasters. As natural gas continues to play a critical role in energy security, particularly through access to supplemental volumes during supply disruptions, establishing a framework to secure stable LNG supplies during emergencies has become increasingly important.

Qatar is one of the largest LNG producers in the world and has been a key LNG supplier to Japanese buyers, including JERA, for nearly three decades. Following the Great East Japan Earthquake in March 2011, Qatar provided additional LNG supplies to Japan on an emergency basis, contributing significantly to the stability of Japan’s energy supply. This experience reflects Qatar’s capability to provide stable supply and respond effectively in emergency situations, and has supported long‑standing cooperation among Qatar, the Government of Japan, JERA, and other Japanese buyers.

Under the MOU, in the event that global LNG market tightness or large-scale natural disasters in Japan threaten stable domestic energy supply, and if METI determines that such conditions warrant action, METI may request QatarEnergy to consider supplying additional LNG to Japanese buyers, including JERA. The parties will then consult on appropriate response measures.

“This MOU provides an important framework for cooperation with our partners in situations where Japan may face supply constraints,” said Yukio Kani, Global CEO and Chair of JERA. “By strengthening coordination with METI and QatarEnergy, we are better positioned to respond with flexibility and agility to ensure stable energy supply for Japan.”

JERA will continue to strengthen its LNG procurement and operational capabilities to support timely and effective responses even during periods of supply-demand tightness. Through these efforts, JERA reaffirms its commitment to supporting Japan’s overall energy stability.

＜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.

JERA Signs 27-Year LNG Supply Agreement with QatarEnergy

Tue, 03 Feb 2026 21:44:21 +0900

JERA Co., Inc. (“JERA”), a global energy leader and Japan’s largest power generation company, today announced the signing of a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with QatarEnergy to secure the supply of 3.0 million tonnes per annum (MTPA) for 27 years, with deliveries expected to commence in 2028.

The agreement was signed on the sidelines of the 21st International Conference and Exhibition on Liquefied Natural Gas (LNG 2026) in Doha, by Mr. Yukio Kani, Global CEO and Chair of JERA and His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs and the President and CEO of QatarEnergy.

Under this SPA, LNG will be supplied on a delivered ex-ship (DES) basis from Qatar’s LNG production facilities.

This agreement marks a new chapter in a partnership started over 30 years ago. As one of the world’s largest producers with abundant natural gas reserves, Qatar has long been a cornerstone of Japan’s energy security, notably providing critical emergency LNG supplies following the Great East Japan Earthquake in March 2011. Building on the legacy inherited from its founding shareholders, JERA has further nurtured a longstanding partnership with QatarEnergy over the past decade.

As Japan expects an increase in electricity demand driven by the expansion of data centers, semiconductor manufacturing, and other energy-intensive infrastructure, gas-fired power generation will continue to play a critical role in maintaining Japan’s energy stability. This procurement aligns with Japan’s Seventh Strategic Energy Plan, which positions natural gas as an important energy source even after achieving carbon neutrality, underscoring the importance of securing long-term, stable LNG supplies.

Yukio Kani, Global CEO and Chair of JERA, said: “We are delighted to achieve this milestone and to further deepen our steadfast relationship with QatarEnergy. This agreement solidifies a vital pillar of JERA’s strategy to strengthen our global portfolio and support the surging energy demand of tomorrow. It ensures we remain fully aligned with Japan’s national policy and the energy transition goals, securing a stable and resilient energy future for the nation.”

JERA remains committed to building a resilient, well-balanced LNG procurement portfolio by sourcing from the Middle East, Asia Pacific, the United States, and other regions. The Company will continue to strengthen its stable and flexible LNG procurement and operational capabilities, while advancing public-private collaboration frameworks that enable timely and effective responses amid market fluctuations. Through these initiatives, JERA continues to make a substantial contribution to Japan’s long-term energy security.

＜Overview of the SPA＞

Seller	QatarEnergy
Buyer	JERA Co., Inc.
Contract Term	27 years from 2028
Contract Volume	3.0 million tonnes per annum
Deliver Terms	Delivered Ex Ship (DES)

FY2025 Third Quarter Consolidated Financial Results

Thu, 29 Jan 2026 16:50:00 +0900

JERA Co., Inc. (“JERA”) today announced its consolidated financial results for the third quarter of fiscal year (FY) 2025 (April 1, 2025, to Dec. 31, 2025). JERA has voluntarily adopted International Financial Reporting Standards (IFRS) beginning with its consolidated financial statements for the annual reporting of FY2022 (fiscal year ended March 31, 2023).

Revenue decreased by 247.3 billion yen from the same period of last year to 2,249.0 billion yen, primarily due to a decrease in income unit price of electrical energy sales.
Profit increased by 47.5 billion yen from the same period of last year to 202.3 billion yen. While it was negatively affected by factors such as the impact of fuel inventory unit prices, this was more than offset by the effects of fuel procurement price and profit improvement from the overseas power generation and renewable energy business. (Profit excluding time lag increased by 55.0 billion yen from the same period of last year to 177.8 billion yen.)

FY2025 Third Quarter Consolidated Financial Results　　　　　　　　　　　　　　　(Unit: Billion Yen)

	FY2025 Third Quarter(A)	FY2024 Third Quarter(B)	Change (A-B)	Rate of Change (%)
Revenue (Net sales)	2,249.0	2,496.4	-247.3	-9.9
Operating profit	288.4	237.0	51.3	21.7
Profit	202.3	154.7	47.5	30.7
Reference Profit excluding time lag	177.8	122.7	55.0	44.8

Profit for FY2025 is expected to be 230.0 billion yen. (Profit excluding time lag is expected to be 200.0 billion yen.)

FY2025 Financial Forecast　　　　　　　　　　　　　　　　　　(Unit: Billion Yen)

FY2025 Forecast

(A)

FY2024 Results

(B)

Change

(A-B)

Profit

230.0

183.9

Approx. 50.0

Reference

Profit excluding time lag

200.0

143.7

Approx. 60.0

* There is no change from the previous forecast.

, Attachment: FY2025 Third Quarter Consolidated Financial Results[PDF: 771.38 KB]

Changes to Managing Executive Officers

Thu, 29 Jan 2026 13:33:18 +0900

JERA Co., Inc. (“JERA”) hereby announces the following changes to its managing executive officers, as approved at its board meeting today.

1. Managing Executive Officers
(1) Newly Appointed and Retiring Managing Executive Officers
a. Newly Appointed Corporate Vice President, Managing Executive Officer (Effective 1 April 2026)

Name

New Position

Current Position

Steven Winn

Corporate Vice President, Managing Executive Officer

Chief Global Strategist (CGS)
[Planning Division / JERA Global Institute / Platform Business Division]

Senior Managing Executive Officer

Chief Global Strategist (CGS)
[Platform Business Division]

b. Newly Appointed Senior Managing Executive Officers (Effective 1 April 2026)

Name	New Position	Current Position
Irtiza Sayyed	Senior Managing Executive Officer COO, LCF Business	－

c. Newly Appointed Managing Executive Officers (Effective 1 April 2026)

Name	New Position	Current Position
Shuji Munekuni	Managing Executive Officer Head of the JERA Global Institute	Head of the JERA Global Institute, Planning Division
Naoki Tsutsumi	Managing Executive Officer Chief Strategy Officer (CSO), JERA Americas Inc.	Chief Strategy Officer (CSO), JERA Americas Inc.
Kenji Takahashi	Managing Executive Officer O&M Engineering and Head of the Japan Operations Division	Head of the O&M Engineering Strategy Division
Tetsu Nakagawa	Managing Executive Officer Japan Operations Division General Manager, Head of the Hekinan Thermal Power Station and Head of the Hekinan Thermal Fuel Ammonia Plant Construction Office	O&M Engineering Operation Division General Manager, Head of the Taketoyo Thermal Power Station

d. Title Change (Effective 1 April 2026)

Name	New Position	Current Position
Junya Tawa	Corporate Vice President, Managing Executive Officer Chief Japan Market Officer (CJMO) [Japan Market　Strategy & Planning Group / Optimization Division / Power Management Division / Fuel Management Division / Service Division]	Corporate Vice President, Managing Executive Officer Chief Strategy Officer (CSO)
Kazunori Kasai	Senior Managing Executive Officer Chief Risk Officer (CRO) [Group Business Management Division / Trading Business Management Group]	Senior Managing Executive Officer Chief Optimization Officer (COPTO) [Optimization Division / Power Management Division / Fuel Management Division]
Koichi Morisaki	Senior Managing Executive Officer Chief Japan Power Generation Officer (CJPO) Head of the Japan Business Strategy Division [Safety Promotion Section / Japan Business Strategy Division / Japan Zero Emission Development Division / Japan Zero Emission Management Division / Japan Operations Division / Advanced Technology Division / Equipment & Materials Procurement Division]	Senior Managing Executive Officer Chief Thermal Transition Officer（CTTO） Head of the Domestic Zero Emission Development Division [Domestic Business Strategy Group / Domestic Zero Emission Management Division / Domestic Zero Emission Development Division]
Takeshi Takahashi	Managing Executive Officer Head of the Group Business Management Division and Officer to CFO	Managing Executive Officer Head of the Group Business Management Division
Mitsutaka Ban	Managing Executive Officer Head of the West Japan Branch	Managing Executive Officer O&M Engineering Operation Division General Manager, Head of the Hekinan Thermal Power Station and Head of the Hekinan Thermal Fuel Ammonia Plant Construction Office

e. Retiring Corporate Vice President, Managing Executive Officer (Effective 31 March 2026)

Name

Current Position

Tetsuya Watabe

Corporate Vice President, Managing Executive Officer

Chief O&M Engineering Officer (COMEO)
[O&M Engineering Strategy Division / O&M Engineering Advanced Technology Division / O&M Engineering Operation Division / Equipment & Materials Procurement Division]

f. Retiring Managing Executive Officers (Effective 31 March 2026)

Name	Current Position
Shinobu Ozeki	Managing Executive Officer Head of the O&M Engineering Operation Division
Katsuya Tanigawa	Managing Executive Officer Head of the West Japan Branch
Jun Minamoto	Managing Executive Officer CFO, JERA Americas Inc.

(2) Managing Executive Officers from 1 April 2026

Title	Name	Position and Duties
Global CEO and Chair	Yukio Kani	Global CEO
President, Director, CEO and COO	Hisahide Okuda	CEO and COO
Corporate Vice President, Managing Executive Officer	Steven Winn	Chief Global Strategist (CGS) [Planning Division / JERA Global Institute / Platform Business Division]
Corporate Vice President, Managing Executive Officer	Kazuo Sakairi	Chief Financial Officer (CFO) [Financial Strategy and Planning Division / Accounting Division]
Corporate Vice President, Managing Executive Officer	Junya Tawa	Chief Japan Market Officer (CJMO) [Japan Market Strategy & Planning Group / Optimization Division / Power Management Division / Fuel Management Division / Service Division]
Senior Managing Executive Officer	Celso Guiotoko	Chief Information Officer (CIO) and Chief Information Security Officer (CISO) [Digital Strategy Group / Digital Solution Division / Digital Infrastructure Service Group / Global Transformation Group / Enterprise Architect Group / Digital Innovation Section]
Senior Managing Executive Officer	Kazunori Kasai	Chief Risk Officer (CRO) [Group Business Management Division / Trading Business Management Group]
Senior Managing Executive Officer	Justin Rowland	CEO, JERA Global Markets Pte. Ltd.
Senior Managing Executive Officer	Taisuke Yokota	Chief Human Resources Officer (CHRO) and Chief Business Support & Solutions Officer (CBSSO) [Human Resources Division] [General Affairs Division / Power Plant Regional Affairs and Environmental Research Division / Legal and Secretariat Division / Market Transaction Management Section]
Senior Managing Executive Officer	John O’Brien	CEO, JERA Americas Inc.
Senior Managing Executive Officer	Koichi Morisaki	Chief Japan Power Generation Officer (CJPO) Head of the Japan Business Strategy Division [Safety Promotion Section / Japan Business Strategy Division / Japan Zero Emission Development Division /Japan Zero Emission Management Division / Japan Operations Division / Advanced Technology Division / Equipment & Materials Procurement Division]
Senior Managing Executive Officer	Satoshi Yajima	Chief Renewable Energy Officer (CREO) Head of the Global Renewable Energy Division and CEO, JERA Nex Ltd. [Global Renewable Energy Division]
Senior Managing Executive Officer	Ryosuke Tsugaru	Chief Low Carbon Fuel Officer (CLCFO) [LCF Business Strategy Group / Low Carbon Fuel Value Chain Division / LNG Division]
Senior Managing Executive Officer	Irtiza Sayyed	COO, LCF Business
Senior Managing Executive Officer	Hiroyuki Nakai	Chief Solution Service Officer (CSSO) [Service Division]
Managing Executive Officer	Tetsuo Muto	Head of the Planning Division
Managing Executive Officer	Shuji Munekuni	Head of the JERA Global Institute
Managing Executive Officer	Koichi Sonoda	Corporate Value Creation*
Managing Executive Officer	Tomoyuki Fujitomi	Head of the Digital Solution Division
Managing Executive Officer	Sami BEN JAMAA	Digital Innovations
Managing Executive Officer	Takeshi Takahashi	Head of the Group Business Management Division and Officer to CFO
Managing Executive Officer	Richard Pibworth	Global Human Resources
Managing Executive Officer	Kenji Nakashima	Head of the Power Plant Regional Affairs and Environmental Research Division
Managing Executive Officer	Izumi Kai	CEO, JERA Asia Pte. Ltd. and Head of the Platform Business Division
Managing Executive Officer	Naoki Tsutsumi	Chief Strategy Officer (CSO), JERA Americas Inc.
Managing Executive Officer	Kenji Takahashi	O&M Engineering and Head of the Japan Operations Division
Managing Executive Officer	Hisashi Koseki	Japan Operations Division General Manager, Head of the Futtsu Thermal Power Station
Managing Executive Officer	Tetsu Nakagawa	Japan Operations Division General Manager, Head of the Hekinan Thermal Power Station and Head of the Hekinan Thermal Fuel Ammonia Plant Construction Office
Managing Executive Officer	Gaku Takagi	CEO, JERA Australia Pty Ltd.
Managing Executive Officer	Takashi Noguchi	Head of the Power Management Division, Power Supply and Demand / Power Trading
Managing Executive Officer	Mitsutaka Ban	Head of the West Japan Branch

* In charge of Corporate Value Creation Group and Press Relations Group

Reference : CVs of Newly Appointed Corporate Vice President, Managing Executive Officer, Senior Managing Executive Officers and Managing Executive Officers

(1) Steven Winn (Newly Appointed Corporate Vice President, Managing Executive Officer)

(2) Irtiza Sayyed (Newly Appointed Senior Managing Executive Officer)

(3) Shuji Munekuni (Newly Appointed Managing Executive Officers )

(4) Naoki Tsutsumi (Newly Appointed Managing Executive Officer)

(5) Kenji Takahashi (Newly Appointed Managing Executive Officer)

(6) Tetsu Nakagawa(Newly Appointed Managing Executive Officer)

JERA Announces First LNG Cargo from Barossa Gas Field in Australia

Thu, 22 Jan 2026 15:57:00 +0900

JERA Co., Inc. (“JERA”), a global energy leader and Japan’s largest power generation company, today announced the first LNG shipment from the Barossa Gas Project in Australia. The project, in which JERA holds a 12.5 per cent interest through its subsidiary JERA Australia Pty Ltd, commenced production phase commissioning and operations in September 2025. The first shipment is a key milestone in JERA’s efforts to build a resilient upstream portfolio and further enhance its global LNG value chain.

Barossa gas will be processed at the Darwin LNG plant, replacing supply feed gas from the Bayu-Undan gas field, which recently reached the end of its production life. The Barossa project involves development of the Barossa gas field and construction of a pipeline to the Darwin LNG facility for liquefaction and export. JERA will offtake approximately 425,000 tonnes of LNG annually, in line with its equity share.

As energy demand continues to rise across Asia, securing reliable and competitively priced LNG has become essential for ongoing regional energy stability. With the geographic proximity to Asia and a proven track record as a reliable supplier, Australia remains a strategic source of LNG for the region.

“This milestone reinforces JERA’s position in the upstream LNG value chain and underscores our role as a reliable energy provider for Japan and Asia,” said Ryosuke Tsugaru, Chief Low Carbon Fuel Officer at JERA. “Australia has been a stable and trusted supplier of LNG to the region for decades, and the first cargo shipment from Barossa further strengthens our partnership as we continue to expand our competitive and resilient LNG portfolio.”

Drawing on its extensive experience across the entire value chain - from upstream procurement to power generation - JERA will continue to contribute to global energy solutions, advancing both the energy transition and stable supplies of affordable energy. Acknowledged worldwide as a critical transition fuel on the path to NetZero, LNG is forecast to remain essential to many economies, particularly in Asia, and is expected to remain a key part of JERA’s strategy to provide reliable and sustainable energy in the years ahead.

＜Overview of Projects＞

Location

Offshore, off the coast of the Northern Territory, Australia

Production Capacity

3.4 MTPA (JERA's offtake: approximately 425,000 tonnes per year)

Investors

Santos Ltd (Australia): 50%,

PRISM Energy International Australia: 37.5%

JERA: 12.5%

＜Location of Project＞