Woodside expects to reduce stakes in gas field and LNG project
Published by David Rowlands,
Editor
LNG Industry,
Reuters reports that the Australian oil and gas producer holds a 50% stake in the Kitimat project, and a 75% stake in the Scarborough gas field.
Chief Executive Peter Coleman reportedly said: “We just look at that and say from capital management and risk management point of view we would rather hold less equity. It also helps us fund through this next expenditure cycle if we can reduce our capital requirement.”
Read the article online at: https://www.lngindustry.com/liquefaction/11092019/woodside-expects-to-reduce-stakes-in-gas-field-and-lng-project/
You might also like
NextDecade provides updates for Rio Grande Train 4 and 5
NextDecade Corp. has finalised an EPC pricing contract refresh with for Train 4 and executed an EPC contract for the construction of Train 5 and related infrastructure with Bechtel Energy Inc. at the Rio Grande LNG facility.