Woodside closes 40% stake sale in Louisiana LNG project

Australia -based Woodside Energy has completed the sale of 40 % in the Louisiana Lng project for the Global investment Company Stonepeak.

The deal is a strategic step to enhance project economics and enhance Woodside’s ability to shareholders ’returns.

James Weber, head of a Stonbeck and head of US Special Stocks James Weber, said: [liquefied natural gas] Landscapes are still growing as a world demand for cleaner and more flexible energy and affordable.

“We look forward to contributing to our experience and capital in building and future operation of Louisiana Lng and we feel very vital to continuing to support the development of the critical infrastructure of LNG in North America with the global influence.”

It has now reached a binding agreement, which was first announced on April 7, 2025, with Stonepeak for a commitment of $ 5.7 billion towards the capital spending of the project (CEPEX).

This investment will cover 75 % of the project costs in both 2025 and 2026, which accelerates its development.

Woodside has received closing payments of about $ 1.9 billion, reflecting the Stonepeak share of Capex since the date of the deal in the January 1, 2025.

“Our partnership with Stonbek reflects the attractiveness of Luisiana LNG and was a major milestone in making a successful final investment. Stonbeck is a high -quality partner, with extensive investment experience across the United States and liquefied natural gas infrastructure,” said Woodside MiG Oil.

“The rapid capital of Stonepeak enhances the returns of the Loisiana Lng project and enhances our ability to shareholders’ revenues before the first shipping of the Scarborough Energy project in Western Australia, which targets the second half of 2026.

“We still see strong interest from additional potential partners in Louisiana LNG.”

This development comes in the wake of the signing of Energy, which is based in Energy, to sign the last JERA signing of non -binding presidents with Woodside Trading Singapore for LNG purchases.

Louisiana Lng is located near Lake Charles, a total of 27.6 million tons annually (MTPA) via five trains. The approved institution project is characterized by three trains with a capacity of 16.5MTPA.

“Woodside closes 40 % shares selling in the Louisiana Lng project” originally created and published by Offshore Technology, a brand owned by Globaldata.

Information on this site was included in good faith for public media purposes only. It is not intended to reach the advice that you should depend on, and we do not provide any representation, guarantee or guarantee, whether it is explicit or implicit in relation to accurately or completing it. You must have a professional or specialized advice before taking any action based on the content on our website.