BP sells 5% stake in Australian Browse LNG project to South Korea's GS Energy
01/06/2026 07:20
BP sells 5% stake in Australian Browse LNG project to South Korea's GS Energy SYDNEY, June 1 (Reuters) - BP BP.L said on Monday it agreed to sell 5% of its stake in the Browse liquefied natural gas project in Western Australia to South Korea's GS Energy GSHOLE.UL.
"The dilution reflects BP's disciplined approach to portfolio management by bringing in a committed partner," the British energy company said in an emailed statement.
The 5% selldown leaves BP with a 39% stake in Woodside's WDS.AX $35 billion project.
(Reporting by Christine Chen in Sydney; Editing by Jacqueline Wong)
((christine.chen@thomsonreuters.com; +61 2 9171 7119;))