EDF Trading: Top LNG buyer JERA, EDF start up JV to expand spot, short-term trade

JERA Global Markets, a newly formed joint venture by Japanese and French partners, is looking to expand into short-term contracts and spot trading of liquefied natural gas (LNG) to third parties, its chief executive told Reuters. Japan's JERA Co, the world's biggest buyer of LNG, and EDF Trading (EDFT), a wholly owned subsidiary of French utility Electricite de France, formally launched the trading joint venture earlier this month. JERA Global Markets, renamed from an earlier partnership between the two, JERA Trading, will handle LNG as well as the previous coal and freight business.