Woodside completes Pluto LNG Train 2 sell-down to GIP

Woodside completes Pluto LNG Train 2 sell-down to GIP

Australia’s Woodside has completed the sale of a 49% non-operating participating interest in the Pluto Train 2 joint venture to Global Infrastructure Partners (GIP).

This follows Woodside’s announcement on 15 November 2021 that it had entered into a sale and purchase agreement with GIP. On 22 November 2021 the Pluto Train 2 joint venture announced its final investment decision, along with the final investment decision for the Scarborough development.

Pluto Train 2 is a key component of the Scarborough development and includes a new LNG train and domestic gas facilities to be constructed at the existing Pluto LNG onshore facility in Western Australia. The estimated capital expenditure for the development of Pluto Train 2 from the effective date of 1 October 2021 is US$5.6 billion (100% project).