EDF Trading, a wholly-owned subsidiary of EDF S.A., has signed an LNG Sales and Purchase Agreement with JERA Co., Inc (JERA)
The agreement is for the sale of LNG to EDF Trading for delivery to European LNG terminals for a period of approximately two and a half years from June 2018.
This SPA is for the sale of up to approximately 1.5 MT to EDFT at European LNG terminals for a period of approximately two and a half years beginning in June 2018. The price of LNG sold will be linked with European gas market price and the volume sold can be adjusted by JERA’s discretion.
“This agreement broadens our relationship with JERA where we jointly operate a successful coal procurement and trading business in Singapore”, said John Rittenhouse, Chief Executive of EDF Trading. “LNG is an important fuel for the EDF Group and this is a natural extension of our activities with JERA”, he continued.
In the LNG market, EDF Trading is one of the world’s leading participants offering a complete range of services including purchase, supply and delivery, ocean-borne logistics, terminal capacity, regasification and nominations into pipeline networks. It has LNG master agreements with all of the market’s key participants and has been particularly active in supporting the growing demand for LNG in Japan, Korea and countries throughout Asia.
Source:EDF Trading
