Woodside concludes Pluto 2 deal
Australian firm finalises sale of stake in LNG project to Global Infrastructure Partners
ASX-listed Woodside Petroleum has completed the sale of a stake in the second train of the Pluto LNG project to equity fund Global Infrastructure Partners (GIP). GIP has acquired a 49pc non-operating share in the 5mn t/yr liquefaction development, which remains on track to start production in 2026. Woodside will operate Pluto 2—as it does with the existing first train—and capex is still estimated at $5.6bn. GIP will cover 49pc of the capex and provide another c.$835mn for construction costs, reducing Woodside’s funding requirements. Pluto 2 and the associated Scarborough gas project reached FID in November last year. The two schemes are closely interlinked, as Scarborough’s output will fee
Also in this section
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift