Woodside Energy has finalised the sale of a 40 per cent stake in Louisiana LNG Infrastructure LLC to Stonepeak, marking a significant milestone in the development of the major US liquefied natural gas project.
The deal, first announced in April, is designed to enhance the economics of the Louisiana LNG project and bolster Woodside’s capacity to deliver shareholder returns in the near term.
Under the terms of the transaction, Stonepeak — a global investment firm specialising in infrastructure and real assets — will contribute US$5.7 billion toward the expected capital expenditure for the foundation development of Louisiana LNG.
This contribution will be made on an accelerated basis, covering 75 per cent of project capital expenditure in both 2025 and 2026.
Woodside has received a closing payment of approximately US$1.9 billion, reflecting Stonepeak’s 75 per cent share of capital expenditure incurred since the effective date of January 1, 2025.
Woodside CEO Meg O’Neill emphasised the strategic value of the partnership, stating:
“Our partnership with Stonepeak reflects the attractiveness of Louisiana LNG and was a key milestone towards achieving a successful final investment decision.
“Stonepeak is a high-quality partner, with extensive investment experience across US gas and LNG infrastructure.
“The accelerated capital contribution from Stonepeak enhances Louisiana LNG project returns and strengthens our capacity for shareholder returns ahead of first cargo from the Scarborough Energy Project in Western Australia, targeted for the second half of 2026.
“We continue to see strong interest from additional potential partners in Louisiana LNG.”
James Wyper, Stonepeak Senior Managing Director and Head of US Private Equity, highlighted the project’s broader significance: “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 look forward to contributing our expertise and capital to the construction and future operation of Louisiana LNG and are highly energised to continue supporting the development of critical North American LNG infrastructure with global impact.”
The Louisiana LNG project is expected to play a pivotal role in Woodside’s global portfolio, with first LNG targeted for 2029 and the facility positioned to deliver significant long-term value and cash flow.
