Deal Insight
Woodside divests 10% in Scarborough to LNG Japan for US$500 million
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
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- Woodside
- LNG Japan
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
Other reports you may be interested in
Deal Insight
Woodside divests 15.1% stake in Scarborough to JERA for US$740 million
There's likely room for one or two more partners in Scarborough, but Woodside might hold until the project has been further de-risked.
$1,650
Asset Report
QCLNG - Train 2 - commercial overview
Queensland Curtis LNG (QCLNG) is a Shell operated coal seam gas (CSG) to LNG project in Queensland. First production was in January 2015.
$2,250
Asset Report
Pluto LNG - commercial overview
The Pluto gas field is situated 190 kilometres offshore in the Carnarvon Basin, Western Australia.
$2,250
