Woodside is looking for more buyers for its Louisiana LNG project

After announcing the project’s final investment decision last week, Woodside Energy said Tuesday that it planned to divest an additional 20% to 30% stake in its $17.5 billion Louisiana LNG project, Reuters reports. 

The move would reduce Woodside’s ownership to approximately 50%, falling in line with the company’s investment goals. In April, Woodside sold a 40% stake in the project’s infrastructure company to Stonepeak for $5.7 billion. 

The Louisiana LNG project is expected to commence gas production in 2029 and is projected to generate $2 billion in annual net operating cash during the 2030s.

Woodside’s COO Liz Westcott in a statement highlighted growing interest from potential partners, attributing it to supportive U.S. energy policies and strong demand in Europe and Asia. 

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