The merger of BHP’s oil and gas portfolio with Woodside will create a global top 10 independent energy company by production and the largest energy company listed on the ASX.
The decision to close the plant, which has capacity of 100,000 tonnes a year, follows a sharp increase in power prices in Italy and the rest of Europe.
Global miner has no plans to follow in the footsteps of peers BHP and Shell to collapse its dual listing, according to people familiar with its thinking.