BP sells 5% stake in Australian Browse LNG project to South Korea's GS Energy

BP sells 5% stake in Australian Browse LNG project to South Korea's GS Energy

The Star Online - Business·2026-06-01 19:00

SYDNEY: BP on Monday said it agreed to sell 5% of its stake in the Browse liquefied natural gas project in Western Australia to South Korea's GS Energy. The sale leaves BP with a 39.33% stake in the Woodside-led project, which is expected to cost A$48.7 billion ($34.96 billion) and seeks to develop Australia's largest untapped gas resource.

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