Woodside Energy Group Completes $1.9 Billion Stake Sale in LNG Project

Woodside Energy Group has completed a $1.9 billion sale of a 40% stake in its LNG project. The company's Australia segment focuses on LNG, pipeline gas, crude oil, and condensate production and sales in Australia, while its International segment explores, evaluates, develops, produces, and sells oil and gas in international jurisdictions. Woodside's Marketing segment is involved in oil and gas marketing, shipping, and trading. The company's projects include Pluto LNG and the North West Shelf Project.

Woodside Energy Group has finalized the sale of a 40% stake in its LNG project for $1.9 billion. This strategic move aligns with the company's broader plans to diversify its portfolio and enhance its financial position. The sale, announced on June 19, 2025, is part of Woodside's ongoing efforts to strengthen its market presence and solidify its position as a leading global energy provider.

The LNG project, which includes the recently approved Louisiana LNG project in the United States, is a key component of Woodside's global operations. The company's Australia segment focuses on LNG, pipeline gas, crude oil, and condensate production and sales within the country, while its International segment explores, evaluates, develops, produces, and sells oil and gas in international jurisdictions. The Marketing segment is involved in oil and gas marketing, shipping, and trading.

The sale of the LNG stake is expected to bolster Woodside's financial health, providing the company with the necessary capital to fund future projects and initiatives. This move also underscores the company's commitment to maintaining a strong balance sheet and ensuring long-term sustainability.

Woodside's recent agreement with Petronas to supply one million tonnes of LNG annually for 15 years, starting in 2028, further highlights the company's strategic approach to securing long-term contracts and ensuring a stable supply of energy to key markets, such as Peninsular Malaysia and the broader Asia-Pacific region [1].

The completion of this sale is a significant milestone for Woodside, positioning the company to continue its growth trajectory and capitalize on emerging opportunities in the global energy market. As Woodside looks to the future, it remains committed to innovation, operational excellence, and environmental responsibility, reflecting its dedication to delivering sustainable energy solutions.

References:
[1] https://www.offshore-technology.com/news/woodside-signs-15-year-lng-supply/
[2] https://www.marketscreener.com/quote/index/S-P-GSCI-NATURAL-GAS-INDE-46869167/news/Australia-s-Woodside-Energy-signs-15-year-LNG-supply-deal-with-Malaysia-s-Petronas-50271697/