GIP acquires Pluto Train 2 stake

January 18, 2022

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Woodside completed the sell-down of a 49% non-operating interest in the Pluto Train 2 joint venture to Private Equity fund Global Infrastructure Partners (GIP).  According to the joint venture arrangements, GIP will fund a 49% share of CAPEX for Pluto Train 2 development, estimated at US$5.6 Bn (100% project), and an additional amount of construction CAPEX of around US$822 M. Woodside’s CAPEX will be reduced accordingly. The start of operations at Pluto Train 2 is planned for 2026.

Edited from Woodside press release