What stake in the Browse gas fields is Inpex acquiring from PetroChina, and what are the conditions for completing the transaction?

Inpex is acquiring PetroChina's 10.67% stake in the Brecknock, Calliance, and Torosa gas fields — collectively part of the Browse gas project offshore Western Australia. The transaction is subject to regulatory approvals and the agreement of the joint venture partners.

What is the historical context of PetroChina's involvement in the Browse project, and how does the Browse project connect to existing LNG infrastructure?

PetroChina acquired its stake in the Browse project for $1.63 billion in December 2012 from BHP. The Browse gas fields are earmarked to supply gas to the North West Shelf liquefied natural gas facility, which is operated by Woodside Energy — the same company that operates the Browse project.

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Japan's Inpex to buy stake in Australian Browse gas field from PetroChina

May 15, 2026

Japan's Inpex will acquire PetroChina's 10% stake in the Browse gas fields offshore Western Australia, pending regulatory approval. The assets feed into the North West Shelf LNG facility within a $48.7 billion project including carbon capture.

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