Jera, Japan’s energy and power generation company, has announced that through its subsidiary Jera Americas— reached agreement with Williams and GEP Haynesville II to acquire 100 per cent of their respective interests in the South Mansfield upstream asset located in western Louisiana’s Haynesville Shale basin.

Jera will acquire its interest in the Haynesville asset, which currently produces more than 500 MMscfd and includes 200 undeveloped locations, through an upfront investment of $1.5 billion.

The transaction includes a future investment plan under which Jera will increase total production to 1 Bscfd.

“The US energy sector is leading the way in the global LNG market and Jera’s investments have lined up accordingly,” said John O’Brien, Jera Americas’ chief executive officer. “The upstream Haynesville Acquisition is a strategic addition to our asset portfolio, enabling us to advance our unique supply chain expertise while deepening our commitment to Americas’ energy future.” 

Ryosuke Tsugaru, Jera’s chief low carbon fuel officer, added, “The Haynesville Acquisition substantially expands our partnerships in the US. The benefits are clear: enhanced diversification for Jera’s LNG value chain, expanded global reach across the gas value chain and overall risk mitigation in a volatile energy market. The project thus clearly aligns with our strategic priorities and reinforces our core mission to provide a stable and secure energy supply globally.”

The Haynesville Acquisition is subject to customary closing conditions and regulatory approvals. -OGN/TradeArabia News Service