Under the SPA, Woodside Energy Trading Singapore LNG cargoes (approximately 0.2 million tonnes) per year during Japan’s peak winter period for five years, commencing in 2027.
Woodside said on Thursday that it will supply LNG on a delivered ex-ship (DES) basis to Japan during the northern hemisphere winter months (December to February).
According to the firm, the SPA is designed to support reliable access to LNG during the critical winter months, when energy consumption in Japan peaks.
Woodside said that the volumes supplied to JERA will be sourced from its global LNG portfolio, leveraging assets such as Scarborough, North West Shelf, Pluto LNG, and Louisiana LNG, once it is operational.
The agreement builds on a heads of agreement 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),” Woodside said.
The SPA also 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 Jera.
Under this 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.
