Jera Inks Equity, Offtake Agreements for Woodside’s Scarborough LNG Project

Jera Co. Inc., one of the world’s largest LNG buyers, has secured a 15.1% stake in Woodside Energy Group Ltd.’s Scarborough project as it continues to look for stable long-term supply for Japanese power production.

Under the transaction, valued at $1.4 billion, Jera would obtain a non-operating interest in the Scarborough partnership and offtake an equity share of around 1.2 million metric tons/year (mmty) in liquefied natural gas cargoes from the project. The deal is targeted to close by the end of the year.

Jera and Woodside also signed a tentative supply agreement that could guarantee the Japanese company around 0.4 mmty of LNG from the project for 10 years starting in 2026.

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