JERA buys 15.1% stake in Scarborough gas field for $1.4bn

Japan’s largest utility JERA has entered into an agreement with Australia’s Woodside to acquire a participation interest in the Scarborough gas field. JERA bought a 15.1% participating interest in the Scarborough gas field development project for a total consideration of approximately $1.4bn. This amount comprises the purchase price and reimbursement to Woodside for JERA’s share …

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