Why did Woodside block Inpex's proposed acquisition of a stake in the Browse LNG project?

Woodside blocked Inpex's proposed acquisition to prevent the Japanese company from potentially diverting Browse gas to its own Ichthys LNG plant instead of the Woodside-operated North West Shelf project, thereby preserving Woodside’s control over the project’s development and routing — a critical factor for its growth strategy in Australia.

What are the financial terms of Woodside’s acquisition of PetroChina’s 10.67% stake in the Browse LNG project?

Woodside will pay $225 million plus reimbursements for PetroChina’s joint venture costs incurred between June 30 last year and the completion date, and an additional $175 million if a final investment decision is made on three fields before June 2032.

Woodside Buys Browse LNG Project Stake to Block Inpex Entry

Jun 11, 2026

Woodside Energy acquired PetroChina's 10.67% stake in the Browse LNG project for $225 million to block Inpex Corp.'s entry. This secures gas routing to Woodside's North West Shelf facility while advancing Australia's largest undeveloped gas resource.

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