Woodside Energy Sells Stake in LNG Project For Up to $200 Million

05:11 AM EDT, 10/27/2026 (MT Newswires) -- Woodside Energy (WDS) has agreed to sell its 33.34% stake in the Great Sunrise liquefied natural gas project in Timor-Leste for up $200 million, the company said Tuesday. The sale, to Timor-Leste state-owned company TIMOR GAP, is expected to close in H1 2027, subject to certain conditions, including relevant government regulatory and joint venture approvals, the company said. Woodside will receive $13.71 million at completion, another $11.29 million following a final investment decision on developing the resources for LNG production, and $175 million within 365 days of the first LNG cargo loading, it said. Representatives from Woodside Energy did not immediately respond to a request for comment from MT Newswires.