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BP Sells 5% Stake in Australia's Newest $35 Billion LNG Project

BP will sell 5% in the $35-billion Browse LNG project in Australia, which Australian energy giant Woodside is looking to progress, the UK-based supermajor told Reuters on Monday. BP is selling the 5% stake, out of its total of its 44% interest, to South Korea's GS Energy. “The dilution reflects BP’s disciplined approach to portfolio management by bringing in a committed partner,” BP said in a statement emailed to Reuters. The Browse LNG project …

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BP sells 5% stake in Australian Browse LNG project to ...

10 hours ago·New York, United States

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BP starts gas production at Azerbaijan's ACG field; sells 5% stake in Australia's Browse LNG

BP started commercial production of non-associated gas at the Azeri–Chirag–Guneshli field offshore Azerbaijan and will sell 5% of its stake in the Browse LNG project in Western Australia.

18 hours ago·United States

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