Centrica signs a 5-year SPA with JERA

December 13, 2016

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Centrica has signed a 5-year SPA with JERA. Under the terms of the SPA, which commences in April 2019, Centrica will purchase up to 6 cargoes per annum at the Isle of Grain Terminal in the UK and work with JERA to optimise the volume.The SPA follows the execution earlier this year of a MOU between Centrica and JERA to collaborate in the LNG business.

JERA was formed in April 2015, combining the fuel procurement businesses of Tokyo Electric (TEPCO) and Chubu Electric.

Edited from Centrica press release.