PERTH, Australia – Woodside Energy has an agreement to sell a 49% interest in the Pluto Train 2 joint venture to Global Infrastructure Partners (GIP).
Pluto LNG is an offshore/onshore LNG processing complex located close to Karratha in the northwest of Western Australia. The first cargo from Pluto Train 1 was delivered in 2012.
Construction of Pluto Train 2 and modifications to Pluto Train 1 will allow the facility to process gas from the planned offshore Scarborough field development.
GIP, in addition to its 49% share of the capex, would fund a further $835 million of construction costs under the agreement, although final costs will be dependent on interest rate swap and foreign exchange rates on the date of the final investment decisions for Scarborough and Pluto Train 2.
Woodside added that it is targeting emissions reductions of 30% by 2030 and net zero by 2050 at Pluto LNG, including Train 2 and the proposed Scarborough development.
This would be achieved partly through the use of aero-derivative gas turbines for liquefaction and inlet air chilling, providing higher thermal efficiency and lower greenhouse gas emissions, the company said.