Woodside will bring partners on board for its Louisiana LNG project by March 2025.

Aiming to bring partners on board for its Louisiana liquefied natural gas (LNG) project by the first quarter of 2025, Australia’s Woodside Energy plans to sell a 50% stake in the facility. Acquiring Tellurian for $1.2 billion in October, Woodside fully owns the US Gulf Coast project with the capacity to produce up to 27.7 million tonnes of LNG annually. CEO Meg O’Neill stated that the company has engaged in talks with US natural gas producers, traditional LNG buyers, and infrastructure-focused investors for potential partnerships. Confidence in financing development costs from its balance sheet was expressed, aiming to secure natural gas supplies after the final investment decision (FID) and begin production in 2028. The estimated cost of the project ranges between $900 and $960 per tonne of LNG, following a renegotiation of the development contract with service company Bechtel. Discussions with potential partners for the Driftwood LNG project were also reported, with the goal of securing a stable gas supply and increasing revenues for US gas producers. Woodside’s efforts were published by Offshore Technology, owned by GlobalData, with a disclaimer that the information is for general informational purposes only.

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