Woodside Energy Announces $17.5 Billion LNG Facility Investment in Louisiana
LAKE CHARLES, La. (NEWS 15) — Woodside Energy Group is set to make history with a monumental $17.5 billion investment in a new liquefied natural gas (LNG) facility in Calcasieu Parish. This Louisiana LNG project, slated to produce up to 16.5 million metric tons of LNG annually, represents the largest foreign investment in the state’s history and the first greenfield LNG venture under the Trump administration’s second term.
Louisiana Governor Jeff Landry highlighted the state’s pivotal role in the energy sector, noting it boasts the most active LNG terminals in the nation. "Woodside’s decision to invest in Louisiana is an unmistakable signal to the world that Louisiana is the epicenter of powering the globe," he remarked.
The project is poised to stimulate significant economic growth, creating thousands of jobs during both the construction and operational phases, while also enhancing state and local tax revenues. Woodside CEO Meg O’Neill lauded the development as "game-changing" for both the company and the state, expressing appreciation for the support from local leaders and communities. This investment further cements Louisiana’s economic momentum, alongside other major projects like Meta’s $10 billion AI data center and Hyundai Steel Company’s $6 billion facility.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
