Woodside exercises final investment decision on Louisiana LNG export terminal project

Australian energy company Woodside has made a final investment decision to develop the three-train, 16.5 million tonne per annum (MTPA) Louisiana LNG production and export terminal, for which Woodside is targeting first LNG in 2029.

Development of the Louisiana LNG project will enable Woodside to deliver approximately 24 MTPA from its global LNG portfolio in the 2030s, and operating over five per cent of global LNG supply.

The development has expansion capacity for two additional LNG trains and is fully permitted for a total capacity of 27.6 MTPA.

Woodside expects that, at full capacity, the foundation project will generate approximately US$2 billion of annual net operating cash in the 2030s.

Stonepeak, as an investor in Louisiana LNG Infrastructure LLC, will provide US$5.7 billion towards the expected capital expenditure for the LNG project on an accelerated basis, contributing 75 per cent of capital expenditure in both 2025 and 2026.

Woodside’s share of forecast total capital expenditure is US$11.8 billion.