Woodside Energy Sells Scarborough Stake to JERA

Woodside Energy Group (AU:WDS) has released an update.

Woodside Energy Group has successfully completed the sale of a 15.1% stake in the Scarborough Joint Venture to Japan’s JERA for approximately $1.4 billion, strengthening their strategic partnership. This deal underscores the importance of LNG in the global energy transition and energy security in Japan and the surrounding region. Woodside retains a 74.9% interest in the project, which is on track for its first LNG cargo in 2026.

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