Press Release: Woodside Completes Strategic Partnership with Stonepeak for Louisiana LNG Project
HOUSTON, TX—(BUSINESS WIRE)— Woodside has successfully finalized the sell-down of a 40% stake in Louisiana LNG Infrastructure LLC to Stonepeak, a prominent investment firm specializing in infrastructure, for $1.9 billion. This deal enhances the economic outlook of the Louisiana LNG Project significantly.
Stonepeak will contribute $5.7 billion towards capital expenditures for the project’s accelerated development, accounting for 75% of projected costs in 2025 and 2026. Woodside’s CEO Meg O’Neill emphasized Stonepeak’s role as a valuable partner, boosting Louisiana LNG’s project returns and reinforcing Woodside’s ability to deliver shareholder value ahead of the Scarborough Energy Project’s first cargo in late 2026.
James Wyper, Senior Managing Director at Stonepeak, expressed enthusiasm for the partnership, noting the growing global demand for cleaner, affordable energy, positioning Louisiana LNG strategically in the U.S. export market.
Located near Lake Charles, Louisiana, the fully permitted Louisiana LNG project has a capacity of 27.6 million tonnes per annum. Woodside’s collaboration with Stonepeak is seen as a pivotal milestone in achieving a successful final investment decision.
For further details, please contact Woodside’s investor and media relations teams.
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