# Browse is earmarked to ‌supply gas to the North West Shelf, one of Australia's biggest LNG export facilities.

*business · news · 2026-06-01 · Reuters*

## Key points

- BP has diluted its stake in the Browse to North West Shelf Project by bringing in GS Energy.
- BP acquired the largest share in the Browse project after buying Shell's stake in 2023.
- Regulatory delays have continued to hinder progress on the Browse gas project to supply the North West Shelf.
- BP did not disclose the financial terms of the stake sale to GS Energy.

Sign up here. "The dilution reflects BP's ⁠disciplined approach to portfolio management by bringing in ​a committed partner that complements the substantial work already undertaken ​to advance the Browse to North West Shelf Project," the company said in an emailed statement. "BP and its partners continue to see ​long-term value in the project, including its role in ​supporting energy security in Australia and the region." Browse is earmarked to ‌supply ⁠gas to the North West Shelf, one of Australia's biggest LNG export facilities, but its progress has been delayed by regulatory approvals. BP became the ​project's largest ⁠stakeholder after buying Shell's stake in 2023. BP is now run by Meg O'Neill, the former CEO of Woodside. The ⁠British ​energy major did not disclose the ​price of the sale to GS Energy. ($1 = 1.3931 Australian dollars) Reporting by Christine ​Chen in Sydney; Editing by Jacqueline Wong and Thomas Derpinghaus

**Companies:** BP
**Countries:** Australia, United Kingdom

[Read the full story on Reuters](https://www.reuters.com/business/energy/bp-sells-5-stake-australian-browse-lng-project-south-koreas-gs-energy-2026-06-01/)

---

Canonical: https://newsio.io/n/fd3bff0d-0a90-402c-92cd-c6d2841a9469/browse-is-earmarked-to-supply-gas-to-the-north-west-shelf-one-of-australias-bigg
Summarized by Newsio from Reuters. https://newsio.io/how-it-works