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Massive Investment: Woodside has approved a $17.5 billion LNG project in Louisiana, with its direct share amounting to $11.8 billion.
Production Timeline: The project will begin with three trains (16.5 Mtpa capacity) targeting production by 2029, with expansion potential to 27.6 Mtpa.
Sustainability Commitment: Woodside's greenhouse gas reduction targets remain unchanged despite the new U.S. investment.
Woodside Energy (ASX:WDS) has given the green light to its major Liquefied Natural Gas (LNG) project in Louisiana, confirming a final investment decision (FID) with a total capital expenditure of approximately $17.5 billion.
The milestone announcement comes shortly after the Australian oil and gas giant revealed it was assessing the impact of U.S. tariffs and other trade measures on the project.
Significant Boost to Global LNG Capacity
The Louisiana development will initially feature three separate processing units, or "trains," with a combined production capacity of 16.5 million tonnes per annum (Mtpa). First production is targeted for 2029.
Looking further ahead, the project design allows for expansion with two additional trains, which would boost total output to 27.6 Mtpa.
According to Woodside, the investment will significantly bolster its global LNG portfolio, enabling the company to deliver around 24 Mtpa across its operations within the next decade. This would contribute over 5% of the global LNG supply, positioning Woodside as a leading player in the fast-growing international energy market.
Investment Structure and Partnerships
The financing structure of the project includes a major contribution from Stonepeak, a key investor in Louisiana LNG Infrastructure LLC. Stonepeak will invest $5.7 billion on an accelerated basis towards the project’s capital requirements.
This arrangement leaves Woodside’s direct capital expenditure share at $11.8 billion.
Commitment to Climate Goals
Woodside confirmed that its existing greenhouse gas emissions reduction targets will remain unchanged following the final investment decision.
The Louisiana project marks a significant step forward in Woodside’s strategy to expand its presence in the U.S. energy sector and meet rising global demand for LNG — a fuel seen as critical for energy transition efforts in various markets.






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