Woodside Energy’s deal will include shares in the Wheatstone LNG project in Western Australia. (Chevron)
With its acquisition of stakes in the Wheatstone and Kitimat LNG projects, Woodside Energy may finally be establishing the ‘growth path’ it has been looking for.
Woodside has agreed to pay Apache $2.75 billion for shares in the Western Australian (WA) and British Columbian (BC) LNG projects and associated upstream assets, plus $1 billion for Apache’s net expenditure in the two projects (see Apache LNG assets boost Woodside’s project portfolio, 15 December 2014).
The agreement is expected to be finalised next quarter, pending approvals from...
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