Oil and Gas major WoodsideEnergy will sell a 10% stake in its Scarborough project to LNG Japan in an $880million deal resources investment energy LNG Australia
KALGOORLIE – Oil and gas major Woodside has struck a near $880-million deal with a subsidiary of LNG Japan Corporation to sell a 10% stake in the Scarborough project.
On completion of the transaction, expected in the first quarter of 2024, the estimated total consideration, comprising the purchase price, reimbursed expenditure and escalation, is approximately $880-million. Completion of the transaction is subject to conditions precedent including Foreign Investment Review Board approval, National Offshore Petroleum Titles Administrator approvals and Western Australian government approvals.
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