Woodside wraps up stake sale in second Pluto LNG train to GIP

Australian LNG player Woodside said it has completed the previously announced sale of a 49 percent non-operating stake in the second Pluto LNG train to US-based Global Infrastructure Partners.

Woodside and GIP signed the deal in November last year.

After that, Woodside took a final investment decision on the Scarborough and Pluto LNG Train 2 developments worth about $12 billion.

The approval also includes new domestic gas facilities and modifications to the first Pluto 4.9 mtpa train on Western Australia’s Burrup Peninsula.

Pluto Train 2 will process gas from the Scarborough offshore gas resource and have a capacity of about 5 mtpa.

Woodside expects the capital expenditure for the development of Pluto Train 2 to reach about $5.6 billion.

The joint venture arrangements for the second train require GIP to fund its 49 percent share of capital expenditure and an additional amount of construction capital expenditure of about $822 million, Woodside said on Tuesday.

It expects the first LNG cargo from the new Pluto train to leave the plant in 2026.

The Pluto JV comprises Woodside Burrup with an operating 90 percent stake. Kansai Electric Power Australia and Tokyo Gas Pluto have each a 5 percent share.

As per the Pluto Train 2 JV, Woodside Burrup Train 2 holds a 51 percent operating stake and GIP owns the rest.

Most Popular

Venture Global to introduce gas to tenth Plaquemines liquefaction block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the tenth liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

Kimmeridge’s Commonwealth LNG seeks expedited approval from FERC

Kimmeridge's Commonwealth LNG is seeking expedited final approval from the US FERC as it looks to make a final investment decision on its planned LNG export plant in Louisiana later this year.

Excelerate’s FSRU arrives in Germany

Excelerate’s 138,000-cbm FSRU Excelsior has finally arrived in Germany, where it will start serving DET's second LNG import terminal in Wilhelmshaven.

More News Like This

Woodside assessing tariff impact on Louisiana LNG

Australian LNG player Woodside is assessing the impact of recent US tariffs and other trade measures on its Louisiana LNG project, according to Woodside CEO Meg O’Neill.

Woodside, Uniper ink Louisiana LNG supply deal

Australia's Woodside has signed LNG sale and purchase agreements with Germany's Uniper to supply the latter from its planned Louisiana LNG project and its global portfolio.

Woodside in LNG supply talks with Germany’s Uniper

Australian LNG player Woodside confirmed on Wendesday it is in talks with Germany's Uniper over a potential LNG supply deal.

Woodside names Sarah Bairstow as Louisiana LNG head

Australian LNG player Woodside has appointed Sarah Bairstow to lead its Louisiana LNG project.