Feb.14.2018
         

Australia’s Woodside raising $2 billion for LNG expansion

Australian LNG operator Woodside is raising $2.5 billion ($1.96 billion) from shareholders to fund its purchase of an additional stake in Western Australia’s Scarborough gas field. Woodside said on Wednesday it had agreed to pay $744 million for ExxonMobil’s 50-percent stake in the Scarborough field. The Australian LNG company currently holds a 25 percent stake […]
Source: LNG World News