JERA and KOGAS sign LNG MoU for energy security

TOKYO, March 16, 2026 – Japan’s JERA and South Korea’s KOGAS have signed an MoU to enhance co-operation in LNG operations and reinforce energy security amid rising geopolitical tensions and market uncertainty, the companies announced on Saturday.

Under the agreement, JERA and KOGAS will collaborate on optimising LNG shipping and terminal operations, exploring cargo swaps and sharing supply and demand trends to improve operational flexibility and efficiency across their networks.

The MoU was signed in the presence of ministers from South Korea’s Ministry of Trade, Industry, and Resources and Japan’s Ministry of Economy, Trade, and Industry, underscoring the intent on both sides for closer energy integration in the region.

“As two of the world’s largest LNG importers, JERA and KOGAS share a strong commitment to ensuring reliable and efficient LNG supply across the region. In today’s increasingly complex energy landscape, closer cross-border collaboration among LNG-importing economies will play an important role in strengthening supply resilience and supporting energy security across the region,” said Yukio Kani, JERA’s global CEO and chair.

JERA is Japan’s largest power generation company and one of the world’s biggest LNG buyers. It is a joint venture between TEPCO Fuel & Power and Chubu Electric Power. It operates across LNG procurement, shipping and terminal operations in Asia and globally.

KOGAS is South Korea’s sole LNG supplier and one of the world’s largest corporate LNG importers. It engages in the purchase, transport, regasification and distribution of LNG to power producers and industries in South Korea through a nationwide pipeline network.

Photo of Yokkaichi LNG terminal courtesy of JERA

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