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
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
