HOUSTON – In a deal that underscores the burgeoning demand for liquefied natural gas, Woodside has finalized the sell-down of a 40% interest in Louisiana LNG Infrastructure LLC to Stonepeak, a leading global infrastructure investment firm. This strategic move, sealed on April 7, 2025, strengthens Woodside’s financial footing and boosts its shareholder returns.
The agreement will see Stonepeak inject a substantial $5.7 billion into the development of the Louisiana LNG project. This capital infusion will accelerate the project’s foundation phase, with Stonepeak contributing 75% of the project’s capital expenditure in both 2025 and 2026.
As part of the closing, Woodside received approximately $1.9 billion, representing Stonepeak’s 75% share of capex funding since January 1, 2025.
Woodside CEO Meg O’Neill highlighted the strategic value of the partnership, noting that “Stonepeak will add further value to the Louisiana LNG Project.” She emphasized that the collaboration with Stonepeak is a key milestone toward achieving a successful final investment decision. “Stonepeak is a high-quality partner, with extensive investment experience across US gas and LNG infrastructure.”
“The benefit of Stonepeak’s accelerated capital contribution boosts Louisiana LNG project returns. This increases our capacity for shareholder returns ahead of first cargo from the Scarborough Energy Project in Western Australia, scheduled for the latter half of 2026.” O’Neill noted that Woodside continues to see “strong interest from additional potential partners in Louisiana LNG.”
James Wyper, Senior Managing Director and Head of US Private Equity at Stonepeak, expressed his enthusiasm for the partnership. “Louisiana LNG will be a timely and strategic addition to the US LNG export landscape as the world’s demand for cleaner, more flexible and more affordable energy continues to grow.”
“We are eager to add our expertise and capital – to the construction and operation of Louisiana LNG. We are highly energized to continue supporting the development of critical North American LNG infrastructure with global impact,” Wyper commented.
About Stonepeak
Stonepeak is a leading alternative investment firm, specializing in infrastructure and real assets, with approximately $73 billion of assets under management. The firm looks to create value through investments in hard-asset businesses worldwide. Stonepeak aims to drive strong risk-adjusted returns with a focus on downside protection.
Stonepeak is a sponsor of private equity and credit investment vehicles, providing capital, operational support, and unwavering partnership to foster growth in its target sectors. These sectors encompass digital infrastructure, energy and energy transition, transport and logistics, and real estate. The company has its headquarters in New York, with offices in Houston, Washington, DC, London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh, demonstrating its global footprint.
About Louisiana LNG
Louisiana LNG is a fully permitted LNG project situated near Lake Charles, Louisiana, with a total permitted capacity of 27.6 million tonnes per annum (Mtpa) across five trains.
The approved foundation project includes three trains with a combined capacity of 16.5 Mtpa and achieved a final investment decision in April 2025.
Bechtel serves as the engineering, procurement, and construction contractor under a lump-sum, turnkey agreement. The facility utilizes the Chart IPSMR® liquefaction technology and Baker Hughes LM6000PF+ gas turbines.
This announcement was approved and authorized for release by Woodside’s Disclosure Committee.
Forward-looking statements
This announcement contains forward-looking statements with respect to Woodside’s business and operations, market conditions, results of operations and financial condition, including, for example, but not limited to, statements regarding the transaction (including statements concerning the expected benefits of the transaction and other future arrangements between the parties) expectations regarding future expenditures and future results of projects. All forward-looking statements contained in this announcement reflect Woodside’s views held as at the date of this announcement. All statements, other than statements of historical or present facts, are forward-looking statements and generally may be identified by the use of forward-looking words such as ‘guidance’, ‘foresee’, ‘likely’, ‘potential’, ‘anticipate’, ‘believe’, ‘aim’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘target’, ‘plan’, ‘forecast’, ‘project’, ‘schedule’, ‘will’, ‘should’, ‘seek’ and other similar words or expressions.
Forward-looking statements in this announcement are not guidance, forecasts, guarantees or predictions of future events or performance, but are in the nature of aspirational targets that Woodside has set for itself and its management of the business. Those statements and any assumptions on which they are based are only opinions, are subject to change without notice and are subject to inherent known and unknown risks, uncertainties, assumptions and other factors, many of which are beyond the control of Woodside, its related bodies corporate and their respective officers, directors, employees, advisers or representatives.
Details of the key risks relating to Woodside and its business can be found in the “Risk” section of Woodside’s most recent Annual Report released to the Australian Securities Exchange and Woodside’s most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission and available on the Woodside website at https://www.woodside.com/investors/reports-investor-briefings. You should review and have regard to these risks when considering the information contained in this announcement.
Investors are strongly cautioned not to place undue reliance on any forward-looking statements. Actual results or performance may vary materially from those expressed in, or implied by, any forward-looking statements.
All information included in this announcement, including any forward-looking statements, speak only as of the date of this announcement and, except as required by law or regulation, Woodside does not undertake to update or revise any information or forward-looking statements contained in this announcement, whether as a result of new information, future events, or otherwise.
Other important information
All references to dollars, cents or $ in this announcement are to US currency, unless otherwise stated. References to “Woodside” may be references to Woodside Energy Group Ltd and/or its applicable subsidiaries (as the context requires).
1 See “Woodside announces Louisiana LNG partnership with Stonepeak” announced on 7 April 2025 for details.
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