BP to Sell 5% Stake in Western Australia LNG Project to Osaka Gas

MT newswire2026/09/18 08:45

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04:45 AM EDT, 09/18/2026 (MT Newswires) -- BP (BP) Developments Australia has agreed to sell a 5% stake in the Browse liquefied natural gas project in Western Australia to Osaka Gas Browse, Osaka Gas said Friday. Osaka Gas said that the purchase will be funded by Osaka Gas Australia and the Japan Organization for Metals and Energy Security. The project --, currently progressing towards the front-end engineering and design stage -- proposes the development of the Brecknock, Calliance, and Torosa offshore gas fields, with the project operated by Woodside Energy (WDS), Osaka Gas said. BP shares were down 1.5% in premarket activity.

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