BRIEF-JERA Chairman Kani: We Are In Talks With Several Operators In US, Europe And Asia Regarding Supply Of Electricity To Data Centres
June 24 (Reuters) - 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
