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Highlights

  • Woodside and Aramco to explore Aramco’s potential equity stake and LNG offtake in Louisiana LNG project.

  • Companies also assessing collaboration in low-carbon ammonia development.

  • Agreement underscores strategic momentum ahead of Woodside’s $16.5 Mtpa Louisiana LNG project launch.

Woodside Energy Ltd (ASX:WDS) has signed a non-binding collaboration agreement with Saudi energy giant Aramco, paving the way for joint exploration of global energy opportunities, including a potential equity investment and LNG offtake from Woodside’s flagship Louisiana LNG project.

The agreement also opens the door for the two companies to explore future collaboration in low-carbon ammonia.

Woodside CEO Meg O’Neill welcomed the partnership, saying it aligns with the company’s broader strategic ambition to diversify its global portfolio and build long-term resilience.

“We are excited to explore new opportunities with Aramco. This collaboration aligns with Woodside’s strategic vision to build a diverse and resilient global portfolio,” O’Neill said.
“It leverages our growing relationship with one of the world’s leading integrated energy and chemicals companies to deliver value for both parties.”

The announcement follows Woodside’s recent deal with infrastructure investor Stonepeak, which agreed to acquire a 40% interest in the infrastructure holding company for the Louisiana LNG project.

Woodside confirmed its final investment decision (FID) for the three-train, 16.5 million tonnes per annum (Mtpa) Louisiana LNG development was made on 29 April 2025, with first LNG production targeted for 2029. 

Woodside brings over 35 years of LNG experience, having pioneered Australia’s LNG sector through its role in the North West Shelf Project. It continues to invest in large-scale developments while maintaining a disciplined investment approach and significant balance sheet, with an eye on long-term shareholder value and global energy demand.