Woodside Energy (WOPEF) Soars as LNG Mega-Deals with JERA & Petronas Fuel Growth

Gas giant catches fire with Asian energy titans.

Woodside Energy's stock (WOPEF) is riding high after locking down two major liquefied natural gas (LNG) agreements—proving fossil fuels still have some fight left in the energy transition era.

The deals with Japan's JERA and Malaysia's Petronas signal Woodside's pivot to Asia's insatiable appetite for gas. While ESG funds clutch their pearls, traditional energy plays keep printing money—for now.

Market reaction? Shares popped harder than a champagne cork at an oil exec's bonus party. Because nothing says 'sustainable growth' like doubling down on hydrocarbons while the world burns.

TLDR

• Woodside stock closed at $17.82, up 6.71%, on new LNG agreements with JERA and Petronas.

• Woodside will supply JERA with 200,000 metric tons of LNG per year during Japan’s winter peak starting 2027.

• The company also signed a 15-year agreement with Petronas to deliver 1 million tonnes annually beginning 2028.

• LNG supplies will be sourced from Woodside’s global portfolio, including the Scarborough and Louisiana LNG projects.

• Woodside’s stock has gained 14.75% YTD, outperforming the S&P/ASX 200 Index’s 3.87% rise.

Woodside Energy Group Ltd. (OTCPK: WOPEF) closed at $17.82 on June 19, 2025, rising 6.71% following the announcement of significant liquefied natural gas (LNG) agreements with Japanese utility JERA and Malaysia’s Petronas.

Woodside Energy Group Ltd (WOPEF)

These deals are expected to strengthen the company’s position in the Asian LNG market while supporting energy security in the region.

Winter LNG Supply Deal with JERA

Woodside has signed a heads of agreement with JERA Co. Inc. to supply LNG during Japan’s winter peak demand period. Starting in 2027, Woodside will deliver approximately 200,000 metric tons of LNG annually between December and February for at least five years. This supply will come from Woodside’s diverse LNG portfolio, including output from the Scarborough Energy Project.

Woodside will deliver around 200,000 metric tons a year of LNG to Japan between December and February for five years starting 2027.https://t.co/NuzSGK3To1#oilgas #energynews #oilandgas

— Rigzone (@Rigzone) June 23, 2025

The deal was part of a broader framework for energy cooperation facilitated by the Government of Japan and the Japan Bank of International Cooperation (JBIC). JERA highlighted the importance of reliable LNG supply to balance seasonal power fluctuations as renewable energy usage rises in Japan.

Long-Term Partnership with Petronas

Separately, Woodside agreed to a 15-year LNG supply deal with Malaysia’s state-owned Petronas. The heads of agreement outlines the delivery of one million tonnes per annum beginning in 2028. This supply could include LNG produced at the Louisiana LNG project in the United States, which reached its final investment decision in April 2024.

Petronas welcomed the agreement as part of its strategy to ensure stable LNG supply for Peninsular Malaysia and the broader Asia-Pacific region. Both companies are working to convert this non-binding agreement into a formal sales and purchase contract.

Strategic Projects to Support Growth

Woodside’s Scarborough project remains central to its LNG strategy. The company sold a 25.1% stake in the Scarborough field to Japanese firms, including JERA, last year. The gas will be processed at the Pluto LNG facility, where a second train capable of producing five million metric tons annually is under construction, with production set to begin in 2026.

The Louisiana LNG project, another key asset, has received U.S. government approval to export 27.6 million metric tons annually to both free trade and non-free trade agreement countries. Phase 1 construction includes three liquefaction trains with a capacity of 16.5 million metric tons.

Stock Performance Overview

Woodside’s stock has outperformed its benchmark, with a 14.75% year-to-date gain compared to the S&P/ASX 200’s 3.87%. The company posted a one-year return of 5.61% and a robust five-year return of 58.16%. This performance reflects market Optimism over Woodside’s expanding LNG portfolio and strong regional partnerships.

These recent LNG deals are expected to drive long-term revenue growth and reinforce Woodside’s reputation as a reliable supplier in the global energy market.