Woodside completes sale of 40 per cent stake in Louisiana LNG project

Australian energy company Woodside has completed the sale of a 40 per cent interest in its Louisiana LNG infrastructure project to investment firm Stonepeak. The completion follows an agreement that was first announced on April 7, 2025.

Under the transaction, Stonepeak will provide $5.7 billion toward the expected capital expenditure for the foundation development of the Liquefied Natural Gas (LNG) project.

This will be provided on an accelerated basis, covering 75 per cent of the project's capital expenditure in both 2025 and 2026.

Woodside has received a closing payment of approximately $1.9 billion from Stonepeak, reflecting capital expenditure funding incurred since the January 1, 2025 effective date.

Woodside CEO Meg O’Neill stated that the partnership enhances the project's returns and strengthens the company's capacity for shareholder returns.

According to information provided by Woodside, the fully permitted Louisiana LNG production and export terminal has a total permitted capacity of 27.6 million tonnes per annum (mtpa) across five trains.