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/liquid-natural-gas/11092019/woodside-expects-to-reduce-stakes-in-gas-field-and-lng-project/
You might also like
New Fortress Energy signs long-term gas supply agreement with Puerto Rican government
New Fortress Energy Inc. has reached agreement on contract terms with the Third-Party Procurement Office and the Puerto Rico Public-Private Partnerships Authority for the long-term supply of LNG to Puerto Rico.