Woodside Agrees to Sell 49% Stake in Pluto Train 2 to GIP
11/19/2021
Global Infrastructure Partners - Press release Woodside has entered into a sale and purchase agreement with Global Infrastructure Partners (GIP) for the sale of a 49% non-operating participating interest in the Pluto Train 2 Joint Venture (Transaction). Pluto Train 2 is a key component of the proposed Scarborough development and includes a new LNG train and domestic gas facilities to be constructed at the existing Pluto LNG onshore facility. The estimated capital expenditure for the development of Pluto Train 2 from the effective date is US$5.6 billion (100% project).In addition to its 49% share of capital expenditure, the joint venture arrangements require GIP to fund an additional amount
