Woodside has approved its Scarborough LNG project despite growing opposition from environmental groups, as the energy giant announced its $40 billion deal to absorb BHP’s petroleum assets via an all stock merger had been finalised by both companies boards.
“Scarborough will be a significant contributor to Woodside’s cash flows, the funding of future developments and new energy products, and shareholder returns.”The Conservation Council of WAof incomplete regulatory approvals for the project that will produce gas from the new offshore Scarborough gas field to be supplied to a new LNG train at Woodside’s Pluto LNG plant 400 km away.
“The coordinated national campaign against Scarborough gas will continue to apply pressure on this development, its investors and its buyers,” Ms Wood said. “The combination will deliver the increased scale, diversity and resilience to better navigate the energy transition.
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