Q: Could you offer an overview of JERA’s operations in the Americas?
Kamran Javed: Firstly, we are one of the main off takers of Freeport LNG train 1 along with Osaka Gas. The company is organized into two divisions currently, JERA Energy America LLC and JERA Power U.S.A. Inc.JERA Energy America LLC manages Freeport tolling agreement and any relevant agreements like gas procurement and pipeline in the region. On the other side we have JERA Power, which looks at investment opportunities and manages all business development activities for the company’s power generation portfolio. That includes equity interests in multiple power plants which are non-operating. Some of the interests include:
- Five natural gas thermal plants tolling agreements with Tenaska in Alabama, Georgia, Oklahoma and Virginia
- Equity stake in Carroll County Energy’s natural gas thermal power project in Ohio
- Equity stake in Cricket Valley Energy Center’s natural gas thermal power project in New York
- Equity stakes in two natural gas power projects in Mexico, Compania de Generacion Valladolid, S. de R.L. C.V. and MT Falcon Holdings Company S.A.P.I. de C.V.
In addition to being a Toller in Freeport LNG, JERA has a 25% equity interest in the project.
Q: Are you currently evaluating investments in the downstream sector in the region
Kamran Javed: We are closely looking at downstream opportunities and evaluating a few options. Latin America is definitely a very interesting market and we are also in conversation with a few relevant players in North America.
Q: Do you see JERA and other key Japanese players looking at long term agreements again in 2018?
Kamran Javed: As prudent operators and stewards to optimize shareholder returns, JERA is always assessing and looking for the right opportunities.
Q: Do you see potential synergies between gas and renewable energy for power generation in the Americas markets?
Kamran Javed: Gas could be a good back up fuel for renewables since it offers flexibility and it’s a cleaner alternative from burning coal and petroleum products.
Q: In March you will speak at the CWC LNG Americas Summit. What are you most looking forward to at the conference?
Kamran Javed: The conference is a very important platform to get updates and discuss the main market challenges and opportunities. JERA wants to be part of that conversation as the US and Latin America are a very important part of our portfolio.