Woodside Energy Advances Scarborough LNG Project

Woodside Energy Group Ltd (WDS) has released an update.

Woodside Energy Group Ltd has finalized the sale of a 10% stake in the Scarborough Joint Venture to LJ Scarborough Pty Ltd, a subsidiary of LNG Japan, solidifying strategic ties and advancing towards their first LNG cargo planned for 2026. The deal, valued at $910 million, also sees the Japan Organization for Metals and Energy Security investing in LJ Scarborough Pty Ltd, showcasing the importance of the Scarborough gas to Japan’s energy security. Post-sale, Woodside retains a 90% interest, set to decrease to 74.9% following another transaction with JERA.

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