QatarEnergy Secures Long-Term LNG Supply Agreement with Jera

On February 3, 2026, QatarEnergy signed a significant 27-year Sales and Purchase Agreement (SPA) with Jera Co., Inc., Japan's largest power generation company, to supply approximately 3 million tons of liquefied natural gas (LNG) annually starting in 2028. The agreement was finalized during the LNG2026 conference in Doha, marking a strategic move for QatarEnergy to reclaim its position in the Japanese LNG market, where it has seen a decline in market share over the past decade.

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Historically, Qatar has been a dominant player in the Japanese LNG market, supplying around 10 million tons in 2017 when Japan was the world's largest LNG importer. However, following the Fukushima disaster in 2011, Japan's reliance on LNG increased as it shut down its nuclear reactors. In recent years, competition has intensified from U.S. suppliers and Gulf rivals like the United Arab Emirates and Oman, which offer more flexible contract terms. This shift has led Japanese utilities to favor suppliers with less restrictive contracts, impacting Qatar's market share.

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The new agreement is expected to bolster Japan's energy security by diversifying its LNG supply sources and reinforcing its energy mix as it transitions away from more carbon-intensive fuels. Jera's commitment to gas-fired power generation is crucial as Japan anticipates rising electricity demand driven by the expansion of data centers and semiconductor manufacturing. QatarEnergy's CEO, Saad Sherida Al-Kaabi, emphasized the importance of this partnership, stating it reaffirms Qatar's commitment to supporting Japan's long-term energy needs.

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QatarEnergy is currently undergoing a massive expansion of its LNG production capacity, projected to increase from 77 million tons per annum (mtpa) to 160 mtpa, with a significant portion sourced from the North Field. This expansion is part of a broader strategy to secure long-term sales and establish anchor customers across Asia and Europe. The agreement with Jera is one of several recent long-term contracts that will shape the global LNG market dynamics as new Qatari capacity comes online.

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Despite the positive outlook, some analysts have raised concerns regarding the strict destination clauses traditionally associated with Qatari LNG contracts, which prevent buyers from reselling cargoes. This rigidity has previously driven Japanese utilities to seek more flexible agreements from U.S. suppliers. Additionally, critical details regarding pricing, delivery schedules, and specific supply sources from the North Field remain undisclosed, leaving questions about contract flexibility and market allocation.

QatarEnergy signs 27-year LNG deal to supply Japan’s JERA with 3.0 MTPA

• “We are delighted to further strengthen our long-standing relationship with JERA, a strategic partner and one of the leading LNG players globally, and to reaffirm our continued commitment to supporting Japan’s long term energy needs.” — Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and CEO of QatarEnergy

QatarEnergy, JERA sign 27-year agreement to supply Japan with LNG

• “ From his side, Yukio Kani, global CEO and chair of JERA, noted: “This agreement solidifies a vital pillar of JERA’s strategy to strengthen our global portfolio and support the surging energy demand of tomorrow.” — Yukio Kani, Global CEO and Chair of JERA Inc.

QatarEnergy in deal to supply LNG for 27 years to Japan’s Jera

The long-term agreement between QatarEnergy and Jera represents a pivotal moment for both entities, reinforcing Qatar's role as a key LNG supplier to Japan while addressing the country's energy security needs amid evolving market dynamics. As QatarEnergy ramps up its production capacity, the implications of this deal will be closely monitored in the context of global energy supply and demand.

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