BP agrees to sell a 5% Browse gas-project interest to Osaka Gas

Osaka Gas agreed to buy a 5% interest in Australia’s Browse gas project from BP ($BP) through an entity jointly owned with JOGMEC. The price was not disclosed.

The transaction requires regulatory and partner approvals. Browse remains in pre-development and is intended to feed the North West Shelf LNG facilities. The agreement is not confirmation of completed payment or production starting.

Sources:

• Reuters — proposed Browse stake sale