LNG (LIQUIFIED NATURAL GAS)

MIMI takes slice of Browse

WOODSIDE Petroleum has decided to sell a minority interest in its Browse LNG development to Japan Australia LNG (MIMI) for $US2 billion ($A1.9 million). The Japanese trading house has also offered to buy 1.5 million tonnes of LNG from the project.

MIMI takes slice of Browse

MIMI will take a 16% interest in the East Browse joint venture and an 8% stake in the West Browse JV, giving it around 14.7% in the Browse development. Woodside's stake in Browse will drop from 46%...

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