Bulletin: Woodside's Development Of Pluto LNG Project Has No Immediate Rating Impact - S&P Global Ratings’ Credit Research

Bulletin: Woodside's Development Of Pluto LNG Project Has No Immediate Rating Impact

Bulletin: Woodside's Development Of Pluto LNG Project Has No Immediate Rating Impact - S&P Global Ratings’ Credit Research
Bulletin: Woodside's Development Of Pluto LNG Project Has No Immediate Rating Impact
Published Jul 29, 2007
Published Jul 29, 2007
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Abstract:

MELBOURNE (Standard&Poor's) July 30, 2007--Standard&Poor's Ratings Services today said that Woodside Petroleum Ltd.'s (A-/Stable/--) announcement approving the development of the Pluto liquefied natural gas (LNG) project has no immediate rating impact. The A$12 billion project (100% Woodside) is expected to be funded by a combination of debt, free cash flow, and a fully underwritten dividend reinvestment plan. The capital expenditure required for the project will be spent over a number of years, with the Pluto LNG plant expected to produce gas for the Japanese offtakers in late 2010. Signing of the final 15-year sales contracts with Tokyo Gas Co. Ltd. (AA/Stable/--) and Kansai Electric Power Co. Inc. (AA/Stable/--) for 3.75 million tonnes of LNG per year

  
Report Type:

Bulletin

Ticker
WPL@AU
Issuer
Woodside Petroleum Ltd.
GICS
Oil & Gas Exploration & Production (10102020)
Sector
Global Issuers, Structured Finance
Country
Australia
Region
Pacific
Format:
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Summary: Woodside Petroleum Ltd. – 2007/08/07 – US$ 225.00

Woodside Petroleum Ltd. – 2007/08/23 – US$ 500.00

Woodside Petroleum Ltd. – 2008/05/09 – US$ 500.00

Summary: Woodside Petroleum Ltd. – 2008/05/09 – US$ 225.00

Woodside Petroleum Ltd. – 2008/08/19 – US$ 500.00

Summary: Woodside Petroleum Ltd. – 2007/02/22 – US$ 225.00

Woodside Petroleum Ltd. – 2006/12/11 – US$ 500.00

Summary: Woodside Petroleum Ltd. – 2006/12/11 – US$ 225.00

Woodside Petroleum Ltd. – 2005/12/05 – US$ 500.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Woodside's Development Of Pluto LNG Project Has No Immediate Rating Impact" Jul 29, 2007. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Woodside-s-Development-Of-Pluto-LNG-Project-Has-No-Immediate-Rating-Impact-593349>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Woodside's Development Of Pluto LNG Project Has No Immediate Rating Impact Jul 29, 2007. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Woodside-s-Development-Of-Pluto-LNG-Project-Has-No-Immediate-Rating-Impact-593349>
  
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