Woodside Energy sells 40% of Louisiana LNG infrastructure to Stonepeak

(Sharecast News) - New York-based investment firm Stonepeak is investing $5.7bn to take a 40% stake in Woodside Energy's proposed Louisiana LNG gas production and export terminal. The project, which is positioned in the Gulf Coast LNG corridor, has a total permitted capacity of 27.6m tonnes per annum.

The deal significantly reduces Woodside's capital expenditure profile - with Stonepeak contributing 75% of project capex over 2025 and 2026 - as the project readies for its final investment decision for the foundation development.

Construction is currently underway, and the front-end engineering design has been completed.

"We are very pleased to have Stonepeak join us in Louisiana LNG, given their demonstrated track record investing in US gas and LNG infrastructure across LNG facilities, LNG carriers, and floating storage and regasification units," said Woodside's chief executive Meg O'Neill.

"This transaction further confirms Louisiana LNG's position as a globally attractive investment set to deliver long-term value to our shareholders. It is the result of a highly competitive process that attracted leading global counterparties and significantly reduces Woodside's capital expenditure for this world-class project."

Woodside Energy's share price was 5.8% lower at AUD19.25 by the close of play in Sydney.