Ray Dias’ Post

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Vice President - APAC Sales @ Argus Media | Strategic Accounts | Energy & Commodity Markets

JERA Co., Inc. agreed to acquire a 15.1pc stake for $1.4bn from Woodside Energy in the Scarborough gas field. ⇢ The Scarborough gas project will produce 8mn t/yr of LNG at Woodside's Pluto LNG facility from 2026, and Jera plans to secure LNG for the next 20 years. ⇢ Jera will not install carbon capture and storage technology in the Scarborough gas development, but could purchase carbon credits if CO2 emissions rise above the baseline set for the project. ⇢ Over the next 10 years, Jera will buy six LNG cargoes from Woodside, representing 4.6 percent of its current LNG handling. Story by Motoko Hasegawa at Argus Media: https://okt.to/gnxdzf 𝗦𝘁𝗮𝘆 𝗰𝘂𝗿𝗿𝗲𝗻𝘁 𝘄𝗶𝘁𝗵 𝗔𝗿𝗴𝘂𝘀 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿𝘀: https://okt.to/BhqXQK #lng #naturalgas #LNGexports #LNGMarkets #gassupply #markets #trade

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