Business
Chinese buyers back in talks for $16b Woodside LNG project – Sydney Morning Herald
Woodside’s Peter Coleman says momentum is returning for plans to green-light the $16 billion Scarborough gas field project in WA.
However, Chinese companies including PetroChina that were in talks with Woodside to potentially acquire stakes in Scarborough walked away last year amid worsening diplomatic tensions between Beijing and Canberra and have not returned to the table.
Woodside revealed this week Germany’s Uniper had agreed to double the amount of LNG it would purchase from Scarborough, now locking in 40 per cent of Woodside’s expected share of the field’s gas. But the company is looking for more buyers ahead of a final…
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