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Woodside Energy hits over 2-year low on $2.35 bln ammonia project buy



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** Shares of Woodside Energy WDS.AX fall as much as 5.5% to A$25.020, their lowest since Feb. 1, 2022

** Stock posts its biggest intraday percentage decline since March 16, 2023

** Energy giant said on Monday it would buy Dutch fertiliser co OCI Global's OCI.AS clean ammonia project in Texas for $2.35 bln

** Analysts at Citi say the timing of the acquisition seems wrong, since the market expects Woodside to spend on its green energy transition closer to 2030

** "Who's to say another good asset won't come along over the next half-decade, potentially during a bear market too?" - Citi

** Around 6.1 mln shares change hands, compared with the 30-day average volume of about 4.7 mln

** Stock down 18.8% YTD, including session's move



Reporting by Aaditya Govind Rao in Bengaluru

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