Woodside Energy Group Ltd (WDS) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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.
For further insights into WDS stock, check out TipRanks’ Stock Analysis page.