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.