JERA Co., Inc. (‘JERA’), Japan’s largest power g e n e r a t i o n company and a global leader across the liquefied natural gas (LNG) value chain, recently announced the signing of its first longterm LNG Sale and Purchase Agreement (SPA) to supply LNG outside Japan, with Torrent Power Limited (‘Torrent Power’), one of India’s leading integrated power utility companies.
under the agreement, JERA will supply four LNG cargoes per year, approximately 270,000 tonnes per annum, on a Delivered Ex-Ship (DES) basis from its extensive LNG portfolio.
this supply is scheduled for a period of ten years, commencing in 2027. The LNG procured under this agreement will be strategically utilized by Torrent Power, including to operate its 2,730 MW portfolio of combined cycle Gas-Based power plants in India, to meet the country’s rising power demand, support peak demand periods, and balance renewables generation. It will also support the growing LNG requirement of the Torrent Group’s City Gas Distribution (CGD) arm – Torrent Gas Ltd.’s (TGL), to ensure reliable supply of gas for households, commercial and industrial consumers and compressed natural gas (CNG) vehicles.