Deal Insight
Woodside divests 10% in Scarborough to LNG Japan for US$500 million
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 8 August 2023, Woodside announced it had established a strategic relationship with LNG Japan. The three part deal sees LNG Japan acquire a 10% stake in Woodside's Scarborough LNG development, for an initial fee of US$500 million. Secondly, LNG Japan has also signed an HoA to acquire 9 million tonnes of LNG from Woodside. And finally, Woodside, Sumitomo Corporation and Sojitz Corporation have agreed to cooperate on new energy opportunities.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
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Upsides and risks
- Upsides
- Risks
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Strategic rationale
- Woodside
- LNG Japan
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Upstream assets: Table 1Deal analysis: Table 1
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Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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