Out of the current buyers’ market, a mega-buyer has emerged. Formed as a joint-venture of Tokyo Electric and Chubu Electric—each a sizeable buyer in the LNG market on their own—Jera stands as the world’s largest single buyer of LNG, but one that is also growing its activities selling excess volumes as well. Though making headlines for pressing for greater flexibility and optionality in satisfying their short-term requirements, Jera will also certainly emerge as a key foundation buyer important to promoters of greenfield LNG projects—especially as the entity seeks to replace legacy contracts from maturing producers that are set to expire in coming years.