Tokyo, Japan | January 15, 2026 – JERA Co., Inc. (JERA), Japan’s largest power generation company and a leading global LNG player, has signed a five-year sale and purchase agreement (SPA) with Woodside Energy Trading Singapore Pte. Ltd. (Woodside) to secure liquefied natural gas (LNG) supplies during Japan’s peak winter demand period.
Under the agreement, which commences in fiscal year 2027, JERA will procure three LNG cargoes annually, equivalent to approximately 200,000 metric tons, for delivery during the December-to-February winter season. The LNG will be delivered on a delivered ex-ship (DES) basis and sourced from Woodside’s global LNG portfolio, including volumes from the Scarborough gas field in Australia, a project backed by financing from the Japan Bank for International Cooperation (JBIC).
This SPA follows a heads of agreement (HOA) signed in June 2025 and strengthens JERA’s capacity to maintain LNG supply stability during Japan’s winter months, when energy demand peaks.
Addressing Seasonal Energy Challenges
Gas-fired power generation is a crucial component of Japan’s electricity system, particularly for meeting peak demand and balancing seasonal fluctuations. As renewable energy sources expand, these seasonal challenges are becoming more pronounced, making the secure supply of LNG during the winter months essential for a stable electricity supply.
Kosuke Tanaka, Executive Officer and Head of the LNG Division at JERA, said “Building on our partnership with Woodside, this agreement enhances our supply resilience and flexibility, allowing us to respond more effectively to seasonal demand fluctuations. It supports Japan with a stable and reliable energy supply, particularly during the critical winter season.”
JERA remains focused on strengthening Japan’s energy security through reliable LNG procurement and resilient operational capabilities. The company continues to build a flexible supply framework in close collaboration with both public and private sector partners, ensuring stability even during periods of tight supply-demand balance and contributing to the long-term reliability of Japan’s energy system.
SPA Overview
| Parameter | Details |
|---|---|
| Seller | Woodside Energy Trading Singapore Pte. Ltd. |
| Buyer | JERA Co., Inc. |
| Contract Term | 5 years, starting FY 2027 (December–February winter season) |
| Contract Volume | 3 cargoes per year (0.2 MTPA) |
| Delivery Terms | Delivered Ex Ship (DES) |
The signing ceremony in Singapore was attended by senior executives from both companies, including Menno Weustink, Senior Vice President Global Trading & Operations, and George Gilboy, Vice President and Country Manager Japan for Woodside; alongside Kosuke Tanaka, Executive Officer, Head of the LNG Division, and Naoto Tanaka, Senior Vice President, LNG Division at JERA.
About JERA
Established in 2015, JERA is a global energy leader and Japan’s largest power generation company, producing approximately one-third of the country’s electricity. As one of the world’s largest LNG buyers, JERA participates across the full energy supply chain, including upstream gas exploration, LNG projects, fuel procurement, transportation, and global power generation. Committed to a responsible energy transition, JERA aims to achieve net-zero CO₂ emissions from its domestic and overseas operations by 2050.
Source: JERA