Woodside Executes JERA Winter Contract

15 Jan Woodside Executes JERA Winter Contract

(Oilandgaspress) Woodside Energy Trading Singapore Pte Ltd (Woodside) is pleased to announce the execution of a Sale and Purchase Agreement (SPA) with JERA Co., Inc. (JERA) for the supply of three liquefied natural gas (LNG) cargoes (approximately 0.2 million tonnes) per year during Japan’s peak winter period for five years, commencing in 2027.
The LNG will be supplied on a delivered ex-ship (DES) basis to Japan during the northern hemisphere winter months (December to February). The SPA is designed to support reliable access to LNG during the critical winter months, when energy consumption in Japan peaks.

The volumes supplied to JERA will be sourced from Woodside’s global LNG portfolio, leveraging assets such as Scarborough, North West Shelf, Pluto LNG and LALNG, once it is operational.
The agreement builds on a heads of agreement (HOA) signed in June 2025. It reflects Woodside and JERA’s shared commitment to market-based arrangements that strengthen resilience and strategic preparedness, under a company-to-company discussion framework for enhanced cooperation on energy security established by the Government of Japan and the Japan Bank of International Cooperation (JBIC).
The SPA also follows Woodside’s sale in 2024 of a 15.1% non-operating participating interest in the
Scarborough Joint Venture to JERA and loan agreement with JBIC to support the Scarborough Energy Project.
This latest SPA with JERA reflects the strong momentum Woodside achieved in 2025, converting multiple
HOAs into binding SPAs. These agreements reinforce Woodside’s position as a trusted energy supplier across Asia and Europe and demonstrate our ability to deliver certainty and flexibility for customers.

Information Source: Read More

Oilandgaspress ,Oil and Gas , Energy , Climate, Gas,Renewable, Sustainability, Oil Price, LPG, Solar, Wind,