BRIEF-JERA Chairman Kani: We Are In Talks With Several Operators In US, Europe And Asia Regarding Supply Of Electricity To Data Centres

- Chubu Electric Power Co Inc 9502.T:

  • JERA CHAIRMAN KANI: WE ARE IN TALKS WITH SEVERAL OPERATORS IN US, EUROPE AND ASIA REGARDING SUPPLY OF ELECTRICITY TO DATA CENTRES

  • JERA PRESIDENT OKUDA: WE RECOMMENDED THAT JAPANESE GOVERNMENT MAKE FULL USE OF COAL-FIRED POWER PLANTS IN AN EMERGENCY TO CURB SPOT PURCHASES OF EXPENSIVE LNG AND HELP EASE BURDEN OF HIGHER ELECTRICITY PRICES ON PUBLIC

  • JERA CHAIRMAN KANI: WILL MAINTAIN A CERTAIN LEVEL OF LNG PROCUREMENT FROM QATAR, GIVEN ITS ABILITY TO PROVIDE ADDITIONAL SUPPLIES IF GEOPOLITICAL RISKS BEYOND STRAIT OF HORMUZ ESCALATE

  • JERA CHAIRMAN KANI: GLOBAL LNG PRICES ARE UNLIKELY TO FALL MUCH FURTHER FROM CURRENT LEVELS, GIVEN TIME NEEDED TO RESTORE QATAR'S LNG FACILITIES AND EUROPE'S NEEDS TO BUILD GAS INVENTORIES AHEAD OF WINTER

  • JERA CHAIRMAN KANI: RESTORING QATAR'S LNG FACILITIES DAMAGED DURING THE IRAN WAR WILL LIKELY TAKE MORE THAN TWO TO THREE YEARS

  • JERA CHAIRMAN KANI: INVESTMENTS IN U.S. UPSTREAM GAS PROJECTS ARE INTENDED AS A HEDGE, WITH PRODUCTION VOLUMES FROM THESE ASSETS KEPT BELOW VOLUMES OF LNG WE PROCURE FROM U.S.

  • JERA CHAIRMAN: WILL CONSIDER WHETHER TO RENEW LNG SUPPLY CONTRACT WITH RUSSIA'S SAKHALIN-2 OPERATOR, WHILE ENSURING ANY DECISION IS CONSISTENT WITH NATIONAL POLICY

Further company coverage: 9502.T