Commodities
Home›Commodities›Energy›JERA weighs a US listing to expand global energy footp…
JERA weighs a US listing to expand global energy footprint
JERA is also setting up JERA Global Energy Solutions, a vertically integrated LNG unit based in Singapore, to respond to volatile energy markets.
JERA, Japan’s largest LNG importer and power producer, is studying the possibility of listing in the United States as it looks to expand internationally, Reuters reported, citing anonymous sources familiar with the matter.
The privately held company has launched a feasibility study to gauge potential investor demand and assess U.S. market conditions and regulatory requirements, Reuters said. No decision has been finalized, and the work is described as still at an early stage.
Reuters added that while JERA has historically viewed the Tokyo Stock Exchange as its primary venue for an IPO, it is now considering global New York equity markets as a potential springboard to increase its international operations.
Separately, JERA recently took steps to broaden its global activities by creating a wholly owned subsidiary, JERA Global Energy Solutions, to develop and manage LNG, upstream assets, low-carbon fuels, and shipping businesses. The new unit will be headquartered in Singapore, with a focus on building a stable and diversified approach for meeting shifting market needs.