Woodside signs HOA that could add LNG supply to Japan’s high-demand winter season
June 23, 2025
Woodside Energy Trading Singapore Pte Ltd (Woodside) and JERA Co. Inc. (JERA) signed a non-binding heads of agreement (HOA) for supply of LNG cargoes to Japan.
The LNG would be supplied from Woodside’s LNG portfolio, including from Scarborough gas field in Australia, a project supported by a loan from the Japan Bank for International Cooperation (JBIC), JERA said in a separate release.
Under the HOA, Woodside will supply LNG cargoes on a delivered ex-ship (DES) basis to Japan during the winter months, subject to contract, Woodside said in a release June 23.
In its release, JERA said the companies will continue discussions with the aim of an annual purchase of three LNG cargoes (about 0.2 million tonnes/year) during December to February, over a 5-year term beginning FY 2027.
The HOA follows the previously noted sale of two non-operating participating interests in the Scarborough Joint Venture to JERA (15.1%, completed in October 2024) and LNG Japan (10%, since completed in March 2024) and loan agreement with JBIC to support the Scarborough Energy Project (OGJ Online, Feb. 23, 2024).
