Japanese power company JERA Co. Inc. has agreed to purchase up to 5.5 million tons of liquefied natural gas (LNG) across four 20-year agreements.
The agreements are expected to support more than 50,000 U.S. jobs and contribute more than $200 billion to U.S. GDP.
Yukio Kani, the Global CEO and Chairman of Jera Co., Inc., said in a statement that the agreements are a “true win-win and we want to thank President Trump for his leadership and commitment to unleash American energy – both of which were essential to completing these Agreements.”
Kani explained that the agreements “reflect a strong commercial partnership between the U.S. and Japan, strengthen Japan’s energy security and reaffirm the U.S.’s leading role in the global LNG market,” noting the company looks forward to “continuing our work with the President, Secretaries Burgum and Wright, and their teams, in partnership with the Government of Japan and the Ministry of Economy, Trade and Industry, on shared energy goals moving forward.”
JERA said in a press release on the agreements that the plans will support the country’s demand in energy, supply stability, and protect against severe price fluctuations.
“This investment is a message to the world that American LNG is back thanks to President Trump and we’re leading on the world stage,” said Secretary of the Interior Doug Burgum. “I am proud to join Secretary Wright and JERA CEO Yukio Kani to celebrate this commitment that will bring in almost a quarter trillion dollars to our nation’s economy and support over 50,000 American jobs for our country’s LNG industry. America is no longer begging for foreign energy – we’re producing it cleaner, smarter, better, and more reliably than the rest of the world.”
