Woodside's Pluto LNG facility
Woodside concludes Pluto 2 deal
Australian firm finalises sale of stake in LNG project to Global Infrastructure Partners
ASX-listed Woodside Petroleum has completed the sale of a stake in the second train of the Pluto LNG project to equity fund Global Infrastructure Partners (GIP). GIP has acquired a 49pc non-operating share in the 5mn t/yr liquefaction development, which remains on track to start production in 2026. Woodside will operate Pluto 2—as it does with the existing first train—and capex is still estimated at $5.6bn. GIP will cover 49pc of the capex and provide another c.$835mn for construction costs, reducing Woodside’s funding requirements. Pluto 2 and the associated Scarborough gas project reached FID in November last year. The two schemes are closely interlinked, as Scarborough’s output will fee
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
