US EditionWoodside Energy approves $17.5B Louisiana LNG project
- Woodside Energy, an Australian company, approved a $17.5 billion LNG production and export terminal project in Calcasieu Parish, Louisiana in 2024.
- Woodside acquired the former Driftwood LNG project from Tellurian last year and moved forward despite earlier rumors of delays and market volatility.
- The project calls for a three-train facility with 16.5 million tons annual capacity starting production in 2029 and has permits to expand to 27.6 million tons.
- Woodside sold 40% of the project to Stonepeak, an infrastructure fund, for $5.7 billion, reducing Woodside’s capital commitment to about $11.8 billion, with Stonepeak providing 75% of near-term capex.
- The project, described as the largest foreign investment in Louisiana, aims to strengthen Woodside’s global LNG leadership and deliver substantial economic returns amid growing market uncertainties.
32 Articles
32 Articles
First greenfield LNG project is largest foreign investment in Louisiana history
(The Center Square) – A West Australian energy company is building a liquified natural gas production and export terminal in Louisiana to expand the U.S. liquified natural gas export market.
Largest foreign investment in Louisiana history to build first greenfield LNG project
Perth, Australia-based Woodside Energy on Tuesday announced its plan to develop a three-train, 16.5 million ton per annum (Mtpa) liquefied natural gas production and export terminal in Calcasieu Parish, Louisiana, called Louisiana LNG.
APPEL: Celebrating The Ribbon-Cuttings While Awaiting The Real Economic Transformation
The governor has much good news to crow about. After eight years of decline Louisiana’s economy is finally showing signs of life. Seemingly week after week we hear about another major investment in the state. That’s great news, but these must be taken in a certain context. The investments being announced are generally capital intensive […] The post APPEL: Celebrating The Ribbon-Cuttings While Awaiting The Real Economic Transformation appeared fi…
DAVID BLACKMON: Trump’s First 100 Days Of Energy Policy Are A Rousing Success
Australia-based energy firm Woodside announced Monday plans to invest $17 billion in a new liquefied natural gas export facility to be sited in south Louisiana. Company CEO and Managing Director Meg O’Neill said the Louisiana LNG facility represents the single largest greenfield energy project investment, and the largest foreign direct investment in the state’s history. […]
Port of LC to be home to record-setting foreign investment - American Press
Special to the American Press Port of Lake Charles-owned property will be the site of the largest single foreign direct investment in Louisiana’s history. Australia’s Woodside Energy has made a final investment decision to approve Louisiana LNG — a $17.5 billion project to export liquefied natural gas. Louisiana LNG will be a three-train, 16.5 million tonne per annum (Mtpa) development. The project is expected to support approximately 15,000 nat…
Louisiana Illuminator
Australian company commits to $17.5B LNG export terminal in Louisiana
Woodside Energy's Pluto liquified natural gas facility in Western Australia. (Woodside Energy Ltd. photo)An Australian fossil fuel company committed Tuesday to build a $17.5 billion liquefied natural gas export terminal in Louisiana, following up on plans first announced 10 years ago. Woodside Energy Group said it has reached a final investment decision to proceed with the project in Calcasieu Parish formerly known as the Driftwood LNG Terminal…
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