Arab Today, arab today woodside sells aus gas stake to japan for 2 bln
Last Updated : GMT 16:22:08
Arab Today, arab today
Arab Today, arab today

Woodside sells Aus gas stake to Japan for $2 bln

Arab Today, arab today

Arab Today, arab today Woodside sells Aus gas stake to Japan for $2 bln

Sydney - AFP

Australia\'s Woodside Petroleum on Tuesday said it had sold a minority stake in its proposed Browse gas export project in Australia to a Japanese consortium for US$2 billion. Woodside is the major equity holder and operator of the Browse LNG Development in Western Australia and sold a 14.7 percent interest to Japan Australia LNG, a joint venture of Mitsui and Mitsubishi. \"Browse is a world-class resource and the level of interest shown during this process reflects the strong ongoing demand for LNG,\" said Woodside chief executive Peter Coleman. Woodside said it has also struck a long-term sales and purchase deal with the Japanese venture, known as MIMI, for 1.5 million tonnes per year from the Browse project, subject to completion of the equity sale. The oil giant said the price was \"confidential but is in line with traditional Asian pricing for conventional LNG projects\". Under the deal Woodside and MIMI would jointly market LNG from Browse to Asian customers, \"primarily\" within Japan, and Japanese banks had indicated they would be prepared to help finance the project, Woodside added. The parties had also entered into a non-binding memorandum of understanding allowing for \"potential collaboration and alliance on other opportunities globally\". Browse is a joint venture of Woodside, BHP Billiton, BP, Chevron and Shell, and Woodside said its partners would have a period to consider \"pre-emption over the sale\".

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today woodside sells aus gas stake to japan for 2 bln Arab Today, arab today woodside sells aus gas stake to japan for 2 bln

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today woodside sells aus gas stake to japan for 2 bln Arab Today, arab today woodside sells aus gas stake to japan for 2 bln

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday