LNG Japan Corporation announced its acquisition of 10% interest owned by Woodside Energy Group in the Scarborough Joint Venture (JV) which is the owner for the Scarborough gas project in Australia.

According to the company’s statement, the transaction is subject to relevant Australian and Western Australian government approvals.

The Scarborough Joint Venture comprises the Scarborough field and associated offshore and subsea infrastructure. The Scarborough project will include the installation of a floating production unit with eight wells drilled in the initial phase and thirteen wells drilled over the life of the Scarborough field. Natural gas produced from the Scarborough field will be transported via a subsea pipeline to the Pluto LNG facilities.

The Scarborough field will help providing liquefied natural gas (LNG) up to 8 million tons per annum (Mtpa) as well as boost the local equivalent to 15% of LNG production.