Osaka Gas to acquire 5% stake in Browse gas project from BP

Type: Acquisition · Technology: Oil Gas · Country: Australia · Announced: 2026-09-18

Osaka Gas has agreed to acquire a 5% interest in the Browse gas project offshore Western Australia from BP Developments Australia. This acquisition is expected to add approximately 550,000 tonnes per year of LNG to Osaka Gas's procurement portfolio. The transaction is being conducted through Osaka Gas Browse, an investee of Osaka Gas Australia, which will jointly invest with the Japan Organization for Metals and Energy Security. The Browse project, encompassing the Brecknock, Calliance, and Torosa gas fields, is currently in the pre-front-end engineering and design stage and is envisaged to produce about 11 million tonnes of LNG annually. The development concept includes carbon capture and storage to reduce emissions, with a portion of the gas planned for Australia's domestic market. The Western Australian Government has granted the project 'material Project' status.

Analysis

Osaka Gas has agreed to acquire a 5% interest in the Browse gas project offshore Western Australia from BP Developments Australia, adding approximately 550,000 tonnes per year of LNG to its procurement portfolio. The transaction is being conducted through Osaka Gas Browse, an investee of Osaka Gas Australia, which will jointly invest with the Japan Organization for Metals and Energy Security, a Tokyo-based Japanese government agency focused on ensuring stable supply of metals and energy resources. The Browse project, encompassing the Brecknock, Calliance, and Torosa gas fields, is currently in the pre-front-end engineering and design stage and is envisaged to produce about 11 million tonnes of LNG annually. The Western Australian Government has granted the project 'material Project' status.

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