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Woodside in Talks With Kuwait Firm for US LNG Project Stake

Bloomberg.com · last updated

Woodside Energy Group Ltd. is in talks with the overseas unit of Kuwait Petroleum Corp. for selling a stake in its proposed liquefied natural gas export project in the US, according to people with knowledge of the matter.

Kuwait Foreign Petroleum Exploration Co., known as Kufpec, is also considering securing LNG supply from the project in Louisiana, along with taking a stake, the people said, asking not to be named because the talks are private. Earlier this month, Woodside sold 40% of Louisiana LNG Infrastructure LLC to Stonepeak and said the buyer will invest $5.7 billion in the gas export facility.

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