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Woodside shares jump on sale of LNG stake for $2 bln
May 1, 2012 / 12:20 AM / 5 years ago

Woodside shares jump on sale of LNG stake for $2 bln

SYDNEY, May 1 (Reuters) - Shares in Australia’s Woodside Petroleum jumped nearly 4 percent on Tuesday after it agreed to sell a 14.7 percent stake in its Browse LNG project to Japan’s Mitsui & Co and Mitsubishi Corp for $2 billion.

Woodside’s shares touched a high of A$36.30 and last traded up 3.9 percent at A$36.27 after the announcement.

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