Louisiana
Woodside Energy Sells 40% Stake In Louisiana LNG Project For $5.7 Billion
On Sunday, Woodside Energy Group (NYSE:WDS) inked a binding deal to sell a 40% stake in Louisiana LNG Infrastructure LLC to Stonepeak.
As per the deal, Stonepeak plans to invest $5.7 billion in the development of the three-train, 16.5 mtpa foundation phase of Louisiana LNG.
The investment is expected to cover 75% of capital expenditure in 2025 and 2026, with development starting on January 1, 2025.
This significantly eases Woodside’s capex burden, improves project economics, and strengthens cash flow ahead of revenue from its Scarborough Energy Project in Australia—enhancing capacity for shareholder returns.
The remaining 60% stake will be retained by Louisiana LNG LLC (HoldCo), operated by Woodside.
Meanwhile, InfraCo, managed by Woodside, holds the EPC agreement with Bechtel and, pending a final investment decision, will own and build the liquefaction infrastructure and shared facilities.
Under this arrangement, HoldCo will manage gas supply and LNG offtake.
Due to the accelerated nature of their capital contributions,
Stonepeak’s total investment of $5.7 billion will be less than their nominal 40% ownership stake in InfraCo after adjusting for the time value of money.
HoldCo will cover the additional capital required if there are any cost overruns. This arrangement offers Stonepeak cost certainty while allowing HoldCo to capture potential capital expenditure savings.
The projected forward cost for the foundation phase of the Louisiana LNG project, starting from December 2024, is estimated at $900–$960 per tonne.
The transaction is expected to close in the second quarter of 2025, pending customary conditions precedent. Post-completion, Stonepeak is expected to make a payment of approximately $2 billion to cover its share of capital expenditures incurred from the effective date to closing.
James Wyper, Senior Managing Director and Head of US Private Equity at Stonepeak, said, “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.”
Price Action: WDS shares are down 0.82% at $11.54 at the last check Monday.
Read Next:
Image via Shutterstock
UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.
Get the latest stock analysis from Benzinga?
A private organization entrusted with money intended to protect Louisiana from the cost of abandoned oil and gas wells used funds to make below-market loans benefiting a senior state regulator, his re…
Already an INSIDER? Sign in.
NEW ORLEANS (WVUE) – A driver died from a gunshot wound after a Louisiana State Police car chase in New Orleans Saturday evening (June 20), but troopers say they did not fire the gun.
Troop NOLA confirmed the car chase ended near Franklin Avenue and North Miro Street Saturday. Troopers said they found the driver shot and brought them to the hospital, where that person died.
The driver’s identity has not been released.
A Troop NOLA spokesperson said he could not confirm if anyone else was in the car, if anyone has been arrested, or if troopers found a gun.
A spokesperson said more details will be released as a state police force investigation continues.
Troop NOLA is a special investigation unit tasked with proactive policing, traffic enforcement and crime reduction.
See a spelling or grammar error in our story? Click Here to report it. Please include the headline.
Subscribe to the Fox 8 YouTube channel.
Copyright 2026 WVUE. All rights reserved.
MONROE, La. (KNOE) – Shelby Bordelon of Iberville Parish was crowned Miss Louisiana 2026 Saturday night in Monroe, earning the title and a $15,000 scholarship. Bordelon, a graduate student at Southeastern Louisiana University, said the role is about more than pageantry, emphasizing the yearlong service mission tied to the crown.
“Part of the mission of this organization is the service behind it,” Bordelon said. “And the service is so important, you are serving your state for a year… having the opportunities to connect with others… to continue making an impact and leaving my mark on others as well.”
Bordelon, who finished first runner-up in last year’s competition, said the moment her name was called as the winner still hasn’t fully sunk in.
“It was every emotion you could think of that was running through my mind at that moment,” she said, adding she focused on preparation and perspective this year. “I really wanted to go into this year with no regrets… just really trusting in that mindset and that plan.”
Bordelon said she hopes to use her platform to raise awareness for her nonprofit, Claire’s Promise, which focuses on combating drunk driving.
You can learn more about the nonprofit here. She will now represent Louisiana at the Miss America Pageant, which begins in late August in West Palm Beach, Florida.
Copyright 2026 KNOE. All rights reserved.
-
New York27 minutes agoVideo: Historic Brooklyn Church Destroyed in Fire
-
Los Angeles, Ca32 minutes ago2 killed in high-speed crash on Mulholland Highway
-
Detroit, MI54 minutes agoMan armed with gun shot by police in downtown Detroit ahead of fireworks show, police say
-
San Francisco, CA59 minutes agoSan Francisco home with a history of squatters hits the market for $1.3 million
-
Miami, FL1 hour agoMiami Heat slip behind Boston Celtics in Giannis Antetokounmpo race
-
Dallas, TX1 hour ago1 Dallas Cowboys Training Camp Battle That Could Make Or Break 2026 Season
-
Boston, MA1 hour agoWith Columbia Threadneedle out, Boston Triathlon director is looking for a new sponsor – The Boston Globe
-
Denver, CO1 hour agoDenver transfers $3 million from its contingency fund to pay out settlements
