Woodside is working to finalise a deal to sell equity and off-take in its Browse LNG project to a consortium of Japan’s Mitsui and Mitsubishi.
The Australian operator said Tuesday that existing project shareholders chose to not exercise their pre-emption rights associated with a preliminary deal forged with the conglomerates’ Japan Australia LNG (MIMI Browse) joint venture.
Also, Australia’s Foreign Investment Review Board has said that it does not object to the equity sale.
MIMI
