JERA splits its shipping business by charter length, procuring LNG vessels based on concluded free-on-board contracts and, or, tolling agreements.

JERA executive officer Yuichiro Kato, who is in charge of LNG shipping, said economics and safety are high priorities when vessels are being evaluated, alongside charter term, tank size and propulsion.

A shipping business unit (SBU), under the control of the company’s business development department, is responsible for the long-term chartering and shipowning.