Woodside Energy Secures LNG Deals with JERA and Petronas, Stock Rises 6.71%

Woodside Energy Group Ltd. (OTCPK: WOPEF) saw its stock close at $17.82, up 6.71%, following the announcement of significant liquefied natural gas (LNG) agreements with Japanese utility JERA and Malaysia’s Petronas. The deals underscore Woodside’s growing influence in the Asian LNG market and its role in bolstering regional energy security.

The agreement with JERA entails the annual supply of 200,000 metric tons of LNG during Japan’s winter peak demand period, starting in 2027. This five-year commitment will draw from Woodside’s diversified portfolio, including output from the Scarborough Energy Project. Separately, a 15-year contract with Petronas will deliver 1 million tonnes of LNG annually beginning in 2028, sourced from Woodside’s global assets, including the Louisiana LNG project.

Woodside’s stock has surged 14.75% year-to-date, outpacing the S&P/ASX 200 Index’s 3.87% gain. The latest agreements highlight the company’s strategic positioning in a tightening global LNG market, where demand remains robust despite macroeconomic uncertainties.