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<\/p>\n
Australian oil and gas company Woodside Energy is selling down its equity stake in its Louisiana LNG project, starting with the sale of a 40 percent stake to U.S.-based investment firm Stonepeak.<\/p>\n
Woodside is getting near to a final investment decision on the LNG production and export project, which it acquired in a $900 million takeover of developer Tellurian last October. The cost of implementing the entire five-train facility near Lake Charles, Louisiana is estimated at $27 billion.<\/p>\n
The Australian company says that the sale of the 40 percent stake to Stonepeak is timely. Stonepeak is expected to inject $5.7 billion in capital expenditure into the project, covering 75 percent of the project’s capital needs in both 2025 and 2026.<\/p>\n
Woodside says that the stake sale reduces its capital expenditure profile and brings the project one step closer to a FID. Talks continue with other potential partners as Woodside aims to sell another 10 percent stake in the project. Its aim is to retain a 50 percent operating stake in the megaproject, which will produce 27.6 million metric tons per annum (MTPA) when complete.<\/p>\n
The transaction is expected to close in the second quarter, subject to a positive FID and the needed regulatory, legal, and other approvals. At that point, Stonepeak is expected to make available $2 billion as part of its capex contribution.<\/p>\n
The Louisiana LNG project is being built in four phases. Phase I includes two trains with a capacity to produce 11 MTPA, while Phase II has one train with a capacity of 5.5 MTPA. In December last year, Bechtel was awarded the contract for phases one and two, which are estimated to cost $900 to $960 per tonne of capacity. Construction is already well under way, ahead of a final investment decision. <\/p>\n
“The project represents a compelling opportunity to invest in a newbuild LNG export facility nearing FID approval with an attractive risk-return profile and best-in-class partners in both Bechtel and Woodside to construct and operate the asset,” said James Wyper, Stonepeak Senior Managing Director and Head of US Private Equity.<\/p>\n
He added the significant additional capacity from the Louisiana LNG project will be central in further propelling the status of the U.S as a leading LNG exporter. The country exported 11.9 billion cubic feet per day of LNG in 2024, remaining the world’s largest exporter.<\/p>\n
maritime-executive<\/p>\n","protected":false},"excerpt":{"rendered":"
Australian oil and gas company Woodside Energy is selling down its equity stake in its Louisiana LNG project, starting with the sale of a 40 percent stake to U.S.-based investment firm Stonepeak. Woodside is getting near to a final investment decision on the LNG production and export project, which it acquired in a $900 …<\/p>\n","protected":false},"author":1,"featured_media":58580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[26035,523,291,125,1740,1254,4400],"class_list":["post-58579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-5-8b","tag-lng","tag-louisiana","tag-project","tag-sells","tag-stake","tag-woodside"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/58579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=58579"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/58579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/58580"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=58579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=58579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=58579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}