Woodside's Pluto LNG facility
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
15 November 2024
With Chevron and AIM-listed Challenger Energy having completed their Uruguayan farm-out deal, Challenger CEO Eytan Uliel updates Petroleum Economist on the firm's progress in the frontier basin
14 November 2024
The country is seeking to secure its position as a major global refiner and meet rising domestic requirements
13 November 2024
IOCs are focused on the next wave of exploration activity in Namibia and are keen to learn from one another’s results
