BHP (ASX:BHP) share price lower despite natural gas update

The BHP Group Ltd (ASX: BHP) share price dipped today. That’s despite today’s announcement of the commissioning of a new natural gas field to supply Australia’s east coast.

At close of trade today, shares in the mining giant were selling for $47.44 – down 0.25%. By comparison, the S&P/ASX 200 Index (ASX: XJO) is 0.68% lower.

Let’s take a closer look at today’s news and how it might be affecting the BHP share price.

BHP’s joint venture

BHP revealed its 50/50 Gippsland Basin Joint Venture’s West Barracouta natural gas field with Exxon Mobil Corporation (NYSE: XOM)’s Australian affiliate, Esso Australia, is now up and running.

The field, located in the Bass Strait off the coast of Victoria, is expected to provide…