Australia M&A | JERA increases Australian LNG exposure, as Woodside trims Scarborough stake

February 28, 2024

On 23 February 2024, Woodside announced that it has agreed to sell a 15.1% interest in its operated Scarborough JV to JERA, for US$1.4 billion. The consideration comprises a US$740 million purchase price for the stake, plus reimbursement to Woodside for JERA’s share of project expenditure incurred from the deal’s effective date of 1 January 2022.