Woodside Energy sells 10% stake in Scarborough JV to LNG Japan for $910m, retains 90% ownership.
Woodside Energy has completed the sale of a 10% non-operating stake in its Scarborough Joint Venture to LNG Japan for $910m. This follows Woodside's strategic relationship with LNG Japan, involving equity in the Scarborough Joint Venture, potential LNG offtake, and collaboration on new energy opportunities. Woodside retains a 90% interest in the JV and continues to operate it. The sale is a significant milestone towards the first LNG cargo from Scarborough, targeted for 2026.
March 26, 2024
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