JERA Signs Winter LNG Supply Agreement with Woodside2026/01/15

JERA Co., Inc. (“JERA”), Japan’s largest power generation company and leading global LNG player, announced today that it has signed a sale and purchase agreement (SPA) with Woodside Energy Trading Singapore Pte. Ltd. (“Woodside”) to secure liquefied natural gas (LNG) supply during Japan’s peak winter demand period. 

Under the five-year agreement, commencing in 2027, JERA will procure three LNG cargoes per year, equivalent to approximately 200,000 metric tons annually, for delivery during the December-to-February winter season. The LNG will be supplied on a delivered ex-ship (DES) basis and will be sourced from Woodside’s global LNG portfolio, including supply from the Scarborough gas field in Australia, a project that has received financing support from the Japan Bank for International Cooperation (JBIC). 

The SPA follows the signing of the heads of agreement (HOA) announced in June 2025, and supports JERA’s ability to strengthen LNG supply stability during Japan’s winter months.

Gas-fired power generation plays a critical role in meeting peak energy demand and balancing seasonal fluctuations—challenges that are becoming more pronounced as renewable energy expands. Securing sufficient LNG supply during the winter months, when global gas demand surges, is essential to maintaining a stable electricity supply in Japan.

Kosuke Tanaka, Executive Officer, Head of the LNG Division at JERA said: “Building on our partnership with Woodside, this agreement enhances our supply resilience and flexibility to respond more effectively to seasonal demand fluctuations, particularly the winter season, supporting Japan with a stable and reliable energy supply.”

JERA remains committed to strengthening Japan’s energy stability through reliable LNG procurement and resilient operational capabilities. By building a flexible and responsive supply framework with close collaboration with both public and private sector partners, JERA will continue to support energy security during periods of tight supply-demand balance and contribute to the long-term reliability of Japan’s energy system.

＜Overview of the SPA＞

Executives from Woodside (Menno Weustink, Senior Vice President Global Trading & Operations and George Gilboy, Vice President and Country Manager Japan) and JERA (Kosuke Tanaka, Executive Officer, Head of the LNG Division, and Naoto Tanaka, Senior Vice President, LNG Division) during the signing ceremony in Singapore, January 2026.

About JERA
JERA is a global energy leader and Japan’s largest power generation company focused on providing cutting-edge solutions to the world's energy issues. Established in 2015, the Company produces one-third of Japan’s electricity, and is one of the largest LNG buyers in the world. JERA has global reach and strength throughout the energy supply chain, including participation in upstream gas exploration and production, LNG projects, fuel procurement and transportation, and power generation globally. In support of a responsible energy transition, JERA has committed to achieving net-zero CO₂ emissions from its domestic and overseas businesses by 2050.