JERA Increased Ownership in Pan Pacific Energy
The company has acquired JOGMEC shares to secure its stake in Australian liquefied natural gas projects.
Updated on Oct. 14, 2026 in Oil and Gas
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JERA has completed the acquisition of all shares previously held by JOGMEC in Pan Pacific Energy. This transaction increases JERA’s ownership interest in the firm to 50.1 percent.
Why it matters
The acquisition is intended to secure a stable and competitive liquefied natural gas supply for Japan. It reflects a broader effort by JERA to reinforce its long-term energy security strategy through its international assets.
JERA now holds a 50.1 percent interest in Pan Pacific Energy, which maintains a 10 percent share in Wheatstone upstream gas development and 8 percent in liquefaction. The company procures 5.2 million tonnes of LNG annually from the project.
The players
JERA
JERA is a major Japanese energy company formed as a joint venture between TEPCO and Chubu Electric Power.
JOGMEC
The Japan Organization for Metals and Energy Security is a state-run entity that works to secure natural resources for Japan.
Pan Pacific Energy
Pan Pacific Energy is a corporate entity that holds interests in Australian liquefied natural gas infrastructure.
Mitsubishi Corporation
Mitsubishi Corporation is a global integrated business enterprise that maintains diverse interests across multiple industries.
Nippon Yusen Kabushiki Kaisha
Nippon Yusen Kabushiki Kaisha is a major Japanese shipping and logistics company that operates internationally.
The details
Pan Pacific Energy serves as the primary vehicle for managing JERA's interests in the Wheatstone LNG project, which utilizes the Ashburton North facility in Western Australia. Other stakeholders in Pan Pacific Energy include the Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha.
Timeline
The Wheatstone LNG project began production in 2017.
JERA completed the share acquisition transaction on October 2, 2026.
Market Landscape
This move highlights the ongoing consolidation of energy assets by major utilities to insulate their supply chains from global market volatility. It mirrors a broader trend of Japanese energy firms deepening their ownership in upstream Australian gas projects to ensure domestic demand is met.
For the average consumer, this consolidation aims to maintain the stability of energy costs by securing long-term supply chains for the Japanese market. The move does not result in immediate retail price changes but is a strategic step to prevent future volatility.
The takeaway
JERA continues to prioritize the diversification of its portfolio through active global procurement and infrastructure participation. Companies seeking long-term energy stability often utilize similar corporate vehicles to secure direct access to essential fuel supplies.
Further reading
Learn more about global industry movements in Oil and Gas.
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