JERA LNG Portfolio Strategy (JERA LPS) is a subsidiary of JERA Co., Inc., working to maximize the value of JERA's LNG portfolio by improving existing LNG SPAs that takes into account economic efficiency, flexibility and energy security. About 50 years ago, Japan became the first country in the world to start commercial use of LNG. Today, LNG is positioned as an indispensable energy source worldwide. The LNG environment has changed drastically over the past 10 years as LNG use has expanded, with increased complexity due to more intense competition, diversification of contract terms and price indices, increased commoditization, improved spot market liquidity, and greater market price volatility. To address these challenges, JERA LPS was established in 2022 with its office located in Singapore. JERA LPS oversees one of the world's largest LNG portfolio of approximately 25 million tons of long term contracts. It is responsible for managing negotiations regarding prices and terms of JERA's LNG SPAs as well as formulating JERA's LNG portfolio strategy. This newly established entity draws together deep expertise and experience in various areas such as market analysis, commercial matters, legal affairs and negotiations. JERA LPS is an agile and fast-growing team with 14 employees currently.