Overview
- JERA, which briefed reporters Monday, said its current LNG inventories can cover demand through July.
- The utility said it will lean on JERA Global Markets to swap cargoes or buy on the spot market for flexible supply.
- It withheld a profit forecast for the new fiscal year because fighting has disrupted the Strait of Hormuz, a route for about 5% of its Japan-bound shipments and a key oil and gas chokepoint.
- Profit for the year ended March rose 5.2% to 193.5 billion yen, helped by lower fuel costs and growth in overseas and renewable projects.
- Longer-term supply still carries risks, including unclear conflict effects on QatarEnergy's 2028 deliveries under a 27-year deal and a possible strike at Inpex's Ichthys LNG plant in Australia.