Woodside Energy has found a partner for a multibillion dollar investment in a liquefied natural gas production and export terminal in Calcasieu Parish, The Wall Street Journal reports.
Australia-based Woodside says Stonepeak has agreed to invest $5.8 billion in the proposed project, for which Woodside is preparing a final investment decision.
Woodside acquired Louisiana LNG through a $900 million takeover of Tellurian last year, saying at the time that it didn’t intend to own all of the equity in a project that stands as a bet on global gas demand and the U.S. energy sector.
The company says infrastructure investor Stonepeak will contribute toward the expected capital expenditure for the three-train foundation development of Louisiana LNG “on an accelerated basis,” including chipping in 75% of the project’s capital expenditure in both 2025 and 2026.
In return, Stonepeak will receive 40% equity in Louisiana LNG Infrastructure.
