The liquefied natural gas (LNG) to be provided to JERA will come from various projects within Woodside’s global portfolio. Credit: Rob Bayer/Shutterstock.

Australian energy company Woodside has signed a long-term agreement with Japan’s JERA for the supply of LNG.  

As per the sale and purchase agreement (SPA), Woodside will supply 400,000 tonnes per annum of LNG to Japan.  

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Starting in April 2026, LNG will be supplied for a period of ten years on a delivered basis. 

Under the SPA, LNG to be provided to JERA will come from various projects within Woodside’s global portfolio. 

The LNG supply agreement follows Woodside’s decision to sell a 15.1% stake in the Scarborough JV to JERA in February this year.  

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Woodside expects that the Scarborough equity sale to JERA will be completed before the end of 2024. 

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Woodside executive vice-president and chief commercial officer Mark Abbotsford said: “This LNG offtake agreement is Woodside’s first long-term sale to JERA from our global portfolio and delivers on one of the core elements of our strategic relationship outlined earlier this year.  

“We understand the demand from our customers in the Asian region for reliable energy. LNG continues to be an important energy source for Japan, one which can support the country’s efforts to decarbonise.” 

In July this year, Woodside agreed to acquire Tellurian, a US LNG company, in a deal valued at $1.2bn (A$1.8bn), including debt.   

This deal adds Driftwood LNG, a fully permitted development project, to its portfolio.  

Located near Lake Charles, Louisiana, Driftwood LNG is a pre-final investment decision plant with a total projected capacity of 27.6 million tonnes per annum across five LNG trains.