JERA and EDF Trading expand cooperation to the Japanese energy market
Leading global player in the energy market, JERA Co., Inc. (JERA), and EDF Trading Limited (EDFT) have announced the expansion of their joint venture, JERA Global Markets Pte. Ltd. (JERAGM), to include electricity trading in Japan. Following the shareholders' decision, JERAGM, a joint venture of JERA (66.67%) and EDFT (33.33%), will manage energy trading operations in Japan while continuing global trading and optimization activities.
In brief
JERA Co., Inc. and EDF Trading Limited are expanding their joint venture JERA Global Markets Pte. Ltd. to include electricity trading in Japan. The new structure will take effect on 1 April 2025 and will be managed from an office in Tokyo's Coredo Nihonbashi building by a team of more than 50 specialists. JERA holds 66.67 percent of JERA Global Markets and EDF Trading 33.33 percent, with the two companies cooperating since 2008. JERA head of optimisation Kazunori Kasai described the step as part of the company's growth strategy for 2035.
The integration of energy operations in Japan marks another step in the long-standing cooperation between JERA and EDFT, which has continued uninterrupted since 2008. JERA, as a leading energy provider in Japan, and EDFT, specializing in energy markets in Europe and North America, combine their competencies to jointly enhance efficiency in the Japanese market.
The new structure of electricity trading in Japan will take effect on April 1, 2025. The project will be managed from the Tokyo office in the Coredo Nihonbashi building, where a team of more than 50 specialists will work. Thanks to an advanced trading platform and proven risk management mechanisms, JERAGM expects significant benefits from the integration of domestic market operations.
Kazunori Kasai, Chief Optimization Officer at JERA and Chairman of JERA Global Markets, emphasized the importance of cooperation with EDF Trading, saying:
- This is an important step in implementing our 2035 growth strategy, where optimization is one of the key pillars. Including electricity trading in global fuel operations will strengthen the domestic market and contribute to its revitalization – said Kazunori Kasai.
Béatrice Bigois, Chief Executive of EDF Trading, noted:
- We are proud to expand our cooperation with JERA to the Japanese energy market. With our experience in asset optimization in the European and American markets, we will support JERA's strategic ambitions in Japan – said Béatrice Bigois.
Meanwhile, Justin Rowland, CEO of JERA Global Markets, observed:
- Electricity trading in Japan presents an opportunity for greater flexibility across the entire energy value chain. As a company active in global markets, we aim to increase the liquidity of the energy market in Japan and support its efficiency – said Justin Rowland.
The expansion of JERA and EDF Trading's cooperation in the field of electricity trading in Japan is a significant step towards integrating national and international optimization and fuel trading activities. Thanks to the synergy of the experiences and competencies of both companies, it will be possible to better utilize the potential of the Japanese energy market.
Source: Gazeta Morska · Compiled by: Kamil Kusier
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