Woodside Energy says it’s assessing the impact that President Donald Trump’s tariffs could have on its $1.2 billion liquefied natural gas project in Louisiana, Reuters reports.
The Australian-based company acquired the project, formerly known as Driftwood, from Tellurian. The Calcasieu Parish project is expected to bolster Woodside’s global LNG position.
Woodside anticipates the first four phases of development will cost $16 billion, with about half of the required equipment and materials needing to be imported.
Woodside recently sold a 40% stake in the export terminal to Stonepeak, which agreed to invest $5.8 billion into the project.
While it prepares to make a final investment decision on the project, Woodside reported revenue of $3.32 billion for the first quarter of the year, up 13% year over year and surpassing analysts’ expectations.
