JERA has established JERA Global Energy Solutions (JERA GES), a vertically integrated company designed to develop and manage JERA’s long-term liquified natural gas (LNG), upstream, lower-carbon fuels and shipping portfolios.
As part of its creation, Irtiza H Sayyed has been appointed chief executive officer of JERA GES – leading the overall business development and execution. Ryosuke Tsugara, chief low carbon fuel officer for JERA, will provide strategic direction. JERA GES will bring together integrated strategy, portfolio management capabilities and a focus on market development, setting up a long-term LNG business plan that advanced lower-carbon fuels like ammonia and hydrogen while balancing supply sources with market opportunities.
Yukio Kani, JERA’s global CEO and chair, says: ‘The establishment of JERA GES represents an important step in strengthening JERA’s operating model for the next phase of its growth. By bringing greater focus, accountability and specialisation to our long-term LNG and lower-carbon fuels portfolio, JERA is better positioned to respond to changing market conditions while continuing to support stable energy supply. Together, JERA GES and JERA Global Markets bring distinct and highly complementary capabilities to JERA, combining long-term portfolio management with world-class trading and optimisation to create a stronger, more integrated LNG platform. I look forward to seeing both organisations continue to deliver long-term value for JERA.’
Irtiza H Sayyed, CEO of JERA GES, comments: ‘I am honoured to be entrusted with such responsibility, and I am looking forward to leading JERA GES into the next phase of its growth.’
