JERA Co. Inc. announced plans to acquire full ownership of the South Mansfield shale gas asset in Louisiana’s Haynesville Basin in a $1.5 billion deal with Williams and GEP Haynesville II. The acquisition strengthens JERA’s global LNG value chain and growing role in the U.S. energy sector.

The Haynesville acquisition includes assets producing over 500 million cubic feet of gas per day, with plans to double output to 1 billion cubic feet per day. JERA aims to leverage the asset’s proximity to the Gulf Coast’s LNG terminals and data center markets for future investments.

JERA’s strategic expansion in the U.S. includes interests in ten power generation assets and major energy transition projects like the Blue Point low-carbon ammonia development. The company recently signed a significant U.S. LNG offtake agreement, solidifying its position as a major global LNG buyer.

The acquisition of the Haynesville asset is seen as a strategic addition that enhances JERA’s upstream portfolio and commitment to America’s energy future. The investment aligns with the company’s goal of providing stable, secure, and lower-carbon energy.

JERA, founded in 2015 as a joint venture between Tokyo Electric Power and Chubu Electric Power, supplies about one-third of Japan’s electricity. The company has committed to achieving net-zero CO2 emissions across its global operations by 2050.

The Haynesville deal positions JERA among Asian energy firms expanding upstream exposure in North America to secure long-term gas supply amid volatile global markets. The deal is subject to regulatory approval and standard closing conditions.

Read more at Yahoo Finance: JERA Expands U.S. Footprint With $1.5 Billion Haynesville Shale Acquisition