31st Oct 2024 18:24
Woodside Energy Group Ltd - Perth, Australia-based oil & gas company - Completes sale of a 15% non-operating participating interest in the Scarborough joint venture to JERA, a Japanese power generation company. Receives sale proceeds of USD1.4 billion for equity in the venture, comprised of the purchase price and reimbursed expenditure.
Chief Executive Officer Meg O'Neill says: "Participation in the Scarborough Joint Venture is a key part of our strong and highly valued strategic relationship with JERA. That relationship reflects our shared view that gas will play an important role in the global energy transition for decades to come. This latest sale of equity in Scarborough again underlines the long-term value Japanese customers like JERA are placing on gas and the significance of LNG in Japan and the region's energy security."
Current stock price: 1,208.00 pence
12-month change: down 34%
By Holly Beveridge, Alliance News senior reporter
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