JERA Co., Inc. (JERA) has signed a non-binding Heads of Agreement with Woodside Energy Trading Singapore Pte. Ltd. (Woodside) for the purchase of LNG from Woodside’s LNG portfolio, including supply from Scarborough gas field in Australia, a project supported by a loan from the Japan Bank for International Cooperation (JBIC). This agreement aims to secure stable LNG supply during Japan’s winter peak demand period.

Gas-fired power generation plays a critical role in meeting peak energy demand and balancing seasonal fluctuations, challenges that are intensifying with the growing adoption of renewable energy. As LNG remains a key fuel for thermal power generation, securing a reliable and flexible supply is becoming increasingly important– especially during the winter peaks. This agreement aims to secure stable LNG supply during Japan’s winter peak demand period.

Under this agreement, JERA and Woodside will continue discussions toward the annual purchase of three LNG cargoes (approximately 0.2 MTPA) during December to February, over a five-years term beginning FY 2027.

JERA remains committed to enhance stable energy supply across Japan through strategic LNG procurement and resilient operations, in close partnership with both the public and private sector. These efforts aim to build a flexible and responsive framework capable of adapting swiftly to supply and demand fluctuations during the periods of tight demand.

Overview of the Heads of Agreement:

   - Seller: Woodside Energy Trading Singapore Pte. Ltd.
   - Buyer: JERA Co., Inc.
   - Term: Winter season (December to February) from FY 2027 to FY 2032 (5 years)
   - Contract Volume: 3 Cargoes (Approx. 0.2 MTPA)
   - Deliver Terms: Delivered Ex Ship (DES)

About JERA

JERA was created through the consolidation of the fuel and thermal power departments of the Tokyo Electric Power Company and the Chubu Electric Power Company. The company was established with the concurrent aims of creating an energy company capable of competing in the global energy market and providing a stable supply of globally competitive energy, all while increasing corporate value.

About Woodside Energy

Woodside is a global energy company. Driven by a spirit of innovation and determination, we established the liquefied natural gas industry in Australia in the 1980s. We have safely and reliably delivered gas to homes and businesses in Australia and customers around the world for decades, supporting the development of industry and driving economic prosperity. Today, our strategy is to thrive through the energy transition with a resilient and diversified portfolio of oil, gas and new energy projects in Australia, North America and Africa.