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Derek Rose

Woodside to pay $320m for greater stake in gas project

Woodside Woodside Energy North West Shelf

Woodside will pay at least $320 million to increase its stake in the Browse joint venture. (Aaron Bunch/AAP PHOTOS)

Australia's largest oil and gas company has moved to increase its stake in the country's biggest undeveloped offshore gas resource.

Woodside Energy will pay at least $US225 million ($320 million) to increase its stake in the Browse joint venture, a $48.7 billion project 425km off the coast of Western Australia that's been under environmental review for the past seven years.

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