LNG Japan Buys 10% Stake In Australian Natural Gas Project ...Middle East

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LNG Japan is set to buy a 10% interest in the Scarborough natural gas project operated by Australia’s Woodside Energy. The Japanese company will pay some $880 million for the stake in total, including reimbursement for expenses Woodside has already made in relation to the Scarborough project, the Australian company said. In addition to the minority stake, LNG Japan will also buy 12 LNG cargoes annually from the Scarborough project, each of 900,000 tons, beginning in 2026. Japan is almost exclusively dependent on energy imports for its consumption…

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