Louisiana

Woodside Sells $5.8B Stake in its Louisiana LNG Project

Published

3 weeks ago

April 8, 2025

Woodside Sells .8B Stake in its Louisiana LNG Project

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 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.

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.

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.

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.

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.

“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.

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.

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Louisiana

Doors could close soon on high-end restaurant reservation trading in Louisiana

Published

1 day ago

April 24, 2025

Press Room

Doors could close soon on high-end restaurant reservation trading in Louisiana

A nascent industry for buying and selling restaurant reservations could meet its end soon in Louisiana. State lawmakers unanimously advanced a bill Thursday that forces such trading platforms to officially partner with the restaurants whose tables are going to the highest bidder. So far, the trading has taken place without any input or involvement from […]

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Louisiana

DOTD launches road safety improvement project across Northeast Louisiana

Published

2 days ago

April 24, 2025

Press Room

DOTD launches road safety improvement project across Northeast Louisiana

MONROE, La. (KNOE) – The Louisiana Department of Transportation and Development is rolling out a new road safety project aimed at improving driving conditions across five parishes in Northeast Louisiana.

Work began this week in Lincoln, Morehouse, Ouachita, Richland and Union Parishes as part of a $1.86 million project to add and update rumble strips and pavement striping on several major roadways.

DOTD spokesperson Erin Buchanan says the upgrades are intended to make roads safer for drivers, especially at night.

“Increase and improve visibility, particularly at night, so when motorists are driving they’re better able to stay in their lanes and avoid run-off-road crashes,” Buchanan said.

Among the areas receiving updates, U.S. Highway 165 is one of the most traveled routes included in the project, with work scheduled in both Morehouse and Ouachita Parishes. Other highways slated for striping and rumble strip work include U.S. 167, U.S. 63, U.S. 425, LA 34, and LA 134.

Construction will take place daily from 7:00 a.m. to 7:00 p.m., weather permitting, and is expected to wrap up by mid-Fall 2025.

“It’s not going to be something that has a major impact on traffic,” Buchanan added. “So it won’t be something where you’ll have to worry about a detour route or it really impacting your day-to-day commute.”

The DOTD is encouraging drivers to stay alert and use caution in active construction zones, as crews will be working one lane at a time using slow-moving equipment.

For updates on this project and other traffic advisories, visit http://www.dotd.la.gov or follow DOTD on social media.

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Louisiana

Where Is the New Trader Joe’s in Louisiana Opening?

Published

3 days ago

April 23, 2025

Press Room

Where Is the New Trader Joe’s in Louisiana Opening?

SHREVEPORT, LA – Big news is coming from Trader Joe’s. The very popular grocery chain is opening several new locations and Louisiana is one of the lucky states to land a new store.

Trader Joe’s is opening more stores in 13 states.

Where Are the Current Trader Joe’s in Louisiana?

Trader Joe’s Grocery Store

Getty Images

Metairie

2949 Veterans Blvd

Baton Rouge

3535 Perkins Rd

The Trader Joe’s website says stores are planned in these locations:

Hoover Alabama

Yucaipa, Tracy, Tarzana, Sherman Oaks and Northridge California

Westminster Colorado

Town Square Maryland

Boston Massachusetts

Woodbridge/Iselin New Jersey

Glenmont and Tottenville New York

San Antonio Texas

Oklahoma City Oklahoma

Berwyn and Exton Pennsylvania

Myrtle Beach South Carolina

Bellingham Washington

Brookland/Washington, D.C.

Friendship Heights/Washington, D.C.

Where Is the New Trader Joe’s Opening in Louisiana?

Sorry to say Shreveport is not in the plan for a Trader Joe’s right now, but New Orleans will be getting another store. The newest one in Louisiana will be opening at 2501 Tulane Avenue in the Mid-City area.