JERA global CEO and chair Yukio Kani said: “Solving the world’s energy issues requires deep collaboration to tackle challenges one by one with reliable partners. I am grateful for the open and engaging dialogue I have had with Woodside CEO Meg O’Neill.
“I look forward to further developing our relationship with Woodside, a global player in LNG, and to promoting new initiatives to achieve decarbonisation.”
In addition, JERA and Woodside Energy have reached an agreement on LNG procurement and collaboration in emerging energy and environmentally friendly services.
The parties have signed a non-binding agreement for the acquisition and sale of six LNG shipments per year, delivered ex-ship, over a decade beginning in 2026, from Woodside Energy’s global portfolio.
A non-binding agreement was also signed to facilitate collaboration on new energy initiatives. This includes potential investments in ammonia, hydrogen, carbon management technology, and carbon capture and storage to help achieve mutual decarbonisation goals.
The transaction also gives JERA the option to acquire a 15.1% non-operating participating interest in the Thebe and Jupiter fields. A non-binding agreement also outlines a long-term collaboration aimed at pursuing opportunities for additional feed gas and joint investment in offshore gas fields, which could potentially enable tieback to the Pluto LNG facility via Scarborough infrastructure.
O’Neill said: “Woodside welcomes Japan’s largest utility, JERA, into the Scarborough Joint Venture. This builds on a long history of collaboration, starting in 1989 with LNG sales from the Northwest Shelf to JERA’s parent companies Tokyo Electric and Chubu Electric.
“JERA’s participation in the Scarborough Joint Venture, which will also include LNG Japan, is a further demonstration of the importance of the project to Japanese customers and confidence in long-term demand.”
Source Woodside
