Fossil Energy – Sale and Purchase Agreement
JERA has completed a Sale and Purchase Agreement with Woodside Energy (Australia) to acquire a 15.1 % interest in the Scarborough gas field development project, located 375km off the coast of Karratha, Western Australia.
Senior Managing Executive Officer and Chief Low Carbon Fuel Officer, Ryosuke Tsugaru stated: “JERA and Woodside share a determination to responsibly navigate the energy transition, with LNG set to be an essential ‘firming fuel’ across the world for many years to come – particularly in developing regions. As the population grows, so does the energy demand and the first step in the energy transition for many countries is to make the move away from coal-fueled power to LNG. JERA is directly involved in decarbonization efforts in the Asian region, including projects in various stages of development to switch power plants from coal to LNG.”
JERA continues to contribute to the stable supply of energy to Japan and the world while maintaining a focus on decarbonization.
