Under the HoA, Woodside Energy Trading Singapore will supply LNG cargoes on a delivered ex-ship (DES) basis to Japan during the winter months (December to February) from 2027 for a period of at least five years, subject to contract, according to a Woodside statement.
Jera said in a separate statement that the two firms will continue discussions toward the annual purchase of three LNG cargoes (approximately 0.2 mtpa) during December to February, over a five-year term beginning in fiscal 2027.
Woodside said this agreement strengthens its long-standing relationship with Jera and further supports Japan’s energy security.
The agreement reflects Woodside and Jera’s “shared commitment to market-based arrangements that strengthen energy 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).”
Woodside chief commercial officer Mark Abbotsford said the company looks forward to “further collaboration with Japanese partners as we progress towards the startup of our new LNG projects, including the Scarborough energy project, where first cargo is targeted for the second half of 2026.”
The HoA follows the previously announced sale of two non-operating participating interests in the Scarborough joint venture to JERA (15.1 percent, completed in October 2024) and LNG Japan (10 percent, since completed in March 2024), and a loan agreement with JBIC to support the Scarborough energy project.
In September 2024, Woodside also signed a long-term LNG supply deal with Japan’s power firm and LNG trader Jera.
Under this sales and purchase deal (SPA), Woodside will supply about 0.4 million tonnes, or six cargoes, of LNG per year over 10 years on a delivered basis to Japan, starting in April 2026.
