Gas
Jera increases stake in Australia wheatstone LNG project
Japanese energy firm Jera has acquired additional shares in the entity holding interests in Australia's Wheatstone LNG project.
Key points
- Jera purchased all shares held by JOGMEC in Pan Pacific Energy.
- The transaction increases Jera's ownership in the investment vehicle to 50.1%.
- Underlying project interests and stakes remain unchanged.
What happened
Japanese energy company Jera finalized the purchase of the entire shareholding belonging to the Japan Organisation for Metals and Energy Security within Pan Pacific Energy, according to Offshore Technology. Closed on 2 October 2026, the agreement raises Jera's stake in the investment vehicle to 50.1%. Mitsubishi and Nippon Yusen Kabushiki Kaisha remain co-shareholders in the entity.
Why it matters
Offshore Technology reported that the transaction leaves underlying project participations unaffected. A subsidiary of Pan Pacific Energy retains a 10% interest in the offshore upstream gas assets alongside an 8% share in the onshore liquefaction facility. Operated by Chevron, the Wheatstone development in Western Australia represents a major resource hub featuring two liquefaction units with a combined capacity of 8.9 million tonnes per annum, plus a domestic gas plant.
According to Jera global energy solutions CEO Irtiza Sayyed, quoted by Offshore Technology, securing stable liquefied natural gas supplies is essential for energy security. The venture serves as a key procurement source for the company, which receives approximately 5.2 million tonnes annually from the hub.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
17.0% of electricity in Australia came from gas in 2025Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
