JERA Co., Inc. (JERA) has signed a key term sheet for the sale and purchase of LNG with Oman Liquefied Natural Gas LLC (Oman LNG) .

Based on the key term sheet, JERA will purchase up to 12 cargoes (Approx. 0.8 million tons) per year of LNG produced from the Oman LNG project from 2025 for 10 years.

LNG procurement competition has been intensifying and thus, stable procurement of fuel in a timely manner in line with the domestic electricity supply-demand situation is needed to secure a stable supply of energy in Japan.

This is an FOB contract, which has a high flexibility and is expected to enhance capability to respond uncertainties in the domestic LNG supply and demand.

JERA will strive for flexible procurement to contribute to fuel supply stability to secure a stable supply of energy in Japan.

Outline of the Key Term Sheet:
   - Seller: Oman Liquefied Natural Gas LLC
   - Buyer: JERA Co., Inc.
   - Contract period: 10 years starting 2025
   - Contract volume: Up to 12 cargoes per year (Approx. 800,000 tons per year)
   - Delivery terms: FOB

About JERA

Established in 2015, JERA is an equal joint venture of two major Japanese electric companies, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company. JERA is an energy company with global reach that has strength in the entire energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. JERA is committed to achieving net zero CO2 emissions from its domestic and overseas businesses by 2050 and is contributing to the development of a sustainable society.

About Oman LNG

Oman Liquefied Natural Gas LLC (Oman LNG) is a joint venture company established by a Royal Decree in 1994 and operates the laws of the Sultanate of Oman.

The Company engages in the business of producing and selling Liquefied Natural Gas (LNG) and its by-product, Natural Gas Liquids (NGLs).