Chevron and Woodside Reshuffle Australia LNG Portfolios With Asset Swap

U.S. supermajor Chevron and Australia’s energy group Woodside have agreed to an asset swap deal that will allow them to focus on their operated LNG assets in Australia. Under the agreement the companies announced on Thursday, Chevron Australia Pty Ltd will transfer to Woodside its 16.67% non-operated interest in the North West Shelf (NWS) Project, NWS Oil Project, and its 20% non-operated interest in the Angel Carbon Capture and Storage (CCS) Project. At the same time, Chevron Australia will obtain Woodside’s 13% non-operated interest…