Inpex to Acquire PetroChina's 10.67% Stake in Woodside's Browse LNG Project for $34.8B

Deal Summary

Inpex, a Japanese energy company, has agreed to purchase PetroChina's 10.67% stake in Woodside Energy's Browse LNG project in a deal valued at approximately $34.8 billion. The transaction marks PetroChina's exit from the Australian LNG development and strengthens Inpex's position in the Australian LNG market. The agreement was announced on May 20, 2026.