EMA inks MOU to cooperate on LNG procurement, supply chains for Singapore and Japan

The Energy Market Authority (EMA) and Japan’s largest utility company Jera will cooperate on liquefied natural gas (LNG) procurement and supply chains for Singapore and Japan, following the signing of a memorandum of understanding (MOU).

The Singapore government agency and Jera will share best practices and explore opportunities in LNG procurement and supply management under the MOU, said both parties on Tuesday (Apr 16).

This MOU comes after the memorandum of cooperation on LNG cooperation and energy transitions inked in October 2022 between Singapore’s Ministry of Trade and Industry and the Ministry of Economy, Trade and Industry of Japan.

Soh Sai Bor, assistant chief executive of EMA, highlighted the importance of natural gas as a part of energy mix as Singapore scales up lower carbon sources in a long run.

“EMA is pleased to partner Jera to mutually strengthen our LNG supply chains. This is another step forward in Singapore’s efforts to enhance the security and reliability of natural gas supply with stable and competitive pricing for our power sector in our energy transition.”

Established in 2015, Jera is an equal joint venture of two major Japanese electric power companies, Tepco Fuel & Power and Chubu Electric Power Company. It currently produces about 30 per cent of all electricity in Japan.

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Jera’s senior managing executive officer and chief low carbon fuel officer Ryosuke Tsugaru said: “Through this MOU, Jera and EMA will seek to establish a more stable, resilient, and cost-efficient energy flow into both Japan and Singapore leveraging our mutually complementary relationship.”