Woodside Energy Secures Winter LNG Deal with JERA, Shares Rise 2%
Woodside Energy Group Ltd (ASX: WDS) shares gained 2% in early trading following the announcement of a five-year liquefied natural gas (LNG) supply agreement with Japan's JERA. The deal, commencing in 2027, covers three winter cargoes annually, reinforcing Woodside's position as a reliable energy supplier during peak demand periods.
The company's Scarborough LNG project, now 91% complete, remains on track for first gas production in the second half of 2026. While the JERA contract represents a modest 0.2 million tonnes per year, it signals strong demand for Australian gas in Asian markets.
Investors continue to monitor Woodside's exposure to crude oil volatility and Asian gas pricing dynamics, with key operational updates expected in the Q4 2025 and annual reports.
