Woodside Energy has finalized a definitive Sale and Purchase Agreement (SPA) with Japan’s JERA to supply liquefied natural gas (LNG) during the critical winter demand season. Commencing in 2027, the five-year deal involves the delivery of three cargoes annually—totaling approximately 200,000 tonnes per year—scheduled specifically for the peak months of December through February. The LNG will be sourced from Woodside’s global portfolio, which includes assets such as the North West Shelf and the developing Scarborough project.
This agreement deepens the strategic commercial relationship between the two companies, following JERA’s acquisition of a 15.1% stake in the Scarborough Joint Venture in late 2024. By locking in supply for the coldest months, the deal aligns with broader energy security frameworks supported by the Japan Bank for International Cooperation (JBIC). It ensures reliable baseload energy for Japan’s grid while securing a dedicated market for Woodside’s expanding production capacity, including volumes from the Scarborough field where the floating production unit has recently arrived in Australian waters.
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