Jera Co. Inc., one of the world’s largest LNG buyers, has secured a 15.1% stake in Woodside Energy Group Ltd.’s Scarborough project as it continues to look for stable long-term supply for Japanese power production. Under the transaction, valued at $1.4 billion, Jera would obtain a non-operating interest in the Scarborough partnership and offtake an…
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Natural Gas Projects in Asia, Middle East Advance in Series of Year-End Deals
A number of deals were signed across Asia and the Middle East in recent weeks to further expand the availability of natural gas and develop new resources. BP plc has signed a 10-year natural gas supply agreement with a subsidiary of China’s State Power Investment Corp. (SPIC) to supply 200,000 metric tons/year (mty) starting in…
December 27, 2021
Woodside Sanctions $12B Scarborough LNG Project in Australia
Woodside Petroleum Ltd. said Monday that it would go ahead with the $12 billion Scarborough liquefied natural gas (LNG) project, sanctioning a large dry gas field off the coast of Western Australia and an expansion at its Pluto export facility. The Scarborough field is about 230 miles off the coast. It would feed a second…
November 22, 2021
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