BP sells 5% stake in Australian Browse LNG project to South Korea&x27;s GS Energy ReutersMon, June 1, 2026 at 6:34 AM UTC 0 FILE PHOTO: A BP logo is seen at a petrol station in London, Britain, January 15, 2015. REUTERS/Luke MacGregor/File Photo SYDNEY, June 1 (Reuters) BP said on Monday it agreed to sell 5% of its stake in the Browse liquefied natural gas project in Western Australia to South Korea&x27;s GS Energy.
BP sells 5% stake in Australian Browse LNG project to South Korea's GS Energy
ReutersMon, June 1, 2026 at 6:34 AM UTC
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FILE PHOTO: A BP logo is seen at a petrol station in London, Britain, January 15, 2015. REUTERS/Luke MacGregor/File Photo
SYDNEY, June 1 (Reuters) - BP 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.
"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.
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The 5% selldown leaves BP with a 39% stake in Woodside's $35 billion project.
(Reporting by Christine Chen in Sydney; Editing by Jacqueline Wong)
Source: "AOL Money"
Source: Money
Published: June 1, 2026 at 10:18AM on Source: MORNING MAG
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