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Released June 26, 2025 | SUGAR LAND
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Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Global investment firm Stonepeak (New York, New York) will provide nearly $6 billion in capital expenditures for the proposed Louisiana LNG facility following the conclusion of a farm-down agreement, Australian energy company Woodside Energy Group (Perth, Australia)
said Wednesday.
Woodside made a final investment decision (FID) on the Louisiana LNG facility in April, with the first batch of super-cooled natural gas available for exports by 2029. Phase I would be able to export as much as 1.5 billion cubic feet of liquefied natural gas per day (Bcf/d). Once fully completed, the facility could deliver as much as 2.2 Bcf/d of gas in the liquid form.
On Wednesday, the Australian company said it closed out the 40% farm-out in the liquefied natural gas (LNG) facility to Stonepeak for undisclosed terms. Under the arrangement, disclosed in preliminary terms in April, Stonepeak will fork over some $5.7 billion to support the project's development.
Meg O'Neill, the chief executive officer at Woodside, said Stonepeak's commitment reflects the value-add from the proposed LNG facility on the U.S. coastal waters of the Gulf of Mexico.
"Louisiana LNG will be a timely and strategic addition to the U.S. LNG export landscape as the world's demand for cleaner, more flexible and more affordable energy continues to grow," added James Wyper, a senior managing director at Stonepeak.
Woodside last week signed an agreement with Malaysia's state-owned oil and gas company Petronas to deliver LNG, with some of those deliveries slated from Louisiana LNG.
Woodside renamed the facility after it completed its buyout of liquefied natural gas (LNG) developer Tellurian Incorporated (Houston, Texas) in October. It previously had been named Driftwood LNG.
Engineering firm Bechtel (Reston, Virginia) started engineering, procurement, and construction work on the initial three trains in October.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can click here for a full list of detailed reports for projects related to Louisiana LNG.
LNG became something of a geopolitical asset after the war in Ukraine sidelined once-major natural gas supplier Russia from the European Union due to sanctions. The world leader in natural gas production and exports of the super-cooled form of natural gas, the United States helped fill the void.
LNG can be less of a political risk than piped gas considering midstream networks can cross several national borders. Europe, for example, in the past received some of its gas through a Soviet-era network running through Ukraine.
LNG avoids those risks, but it's not without its dangers. Since Hamas militants stormed the Israeli border in 2023, the Iranian-backed Houthi rebel group in Yemen has targeted maritime shipping lanes in and around the Persian Gulf and Red Sea.
Tensions are diminished, however, now that Israel and Iran agreed to a tentative cease-fire after putting the world on edge with a barrage of missile attacks. The U.S. Energy Department on Tuesday said about one fifth of the global LNG trade moves through the volatile Strait of Hormuz. Qatar, another LNG powerhouse, exported 9.3 Bcf/d on average through the region last year, federal data show. Total U.S. LNG exports are running at around 15 Bcf/d.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Woodside made a final investment decision (FID) on the Louisiana LNG facility in April, with the first batch of super-cooled natural gas available for exports by 2029. Phase I would be able to export as much as 1.5 billion cubic feet of liquefied natural gas per day (Bcf/d). Once fully completed, the facility could deliver as much as 2.2 Bcf/d of gas in the liquid form.
On Wednesday, the Australian company said it closed out the 40% farm-out in the liquefied natural gas (LNG) facility to Stonepeak for undisclosed terms. Under the arrangement, disclosed in preliminary terms in April, Stonepeak will fork over some $5.7 billion to support the project's development.
Meg O'Neill, the chief executive officer at Woodside, said Stonepeak's commitment reflects the value-add from the proposed LNG facility on the U.S. coastal waters of the Gulf of Mexico.
"Louisiana LNG will be a timely and strategic addition to the U.S. LNG export landscape as the world's demand for cleaner, more flexible and more affordable energy continues to grow," added James Wyper, a senior managing director at Stonepeak.
Woodside last week signed an agreement with Malaysia's state-owned oil and gas company Petronas to deliver LNG, with some of those deliveries slated from Louisiana LNG.
Woodside renamed the facility after it completed its buyout of liquefied natural gas (LNG) developer Tellurian Incorporated (Houston, Texas) in October. It previously had been named Driftwood LNG.
Engineering firm Bechtel (Reston, Virginia) started engineering, procurement, and construction work on the initial three trains in October.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can click here for a full list of detailed reports for projects related to Louisiana LNG.
LNG became something of a geopolitical asset after the war in Ukraine sidelined once-major natural gas supplier Russia from the European Union due to sanctions. The world leader in natural gas production and exports of the super-cooled form of natural gas, the United States helped fill the void.
LNG can be less of a political risk than piped gas considering midstream networks can cross several national borders. Europe, for example, in the past received some of its gas through a Soviet-era network running through Ukraine.
LNG avoids those risks, but it's not without its dangers. Since Hamas militants stormed the Israeli border in 2023, the Iranian-backed Houthi rebel group in Yemen has targeted maritime shipping lanes in and around the Persian Gulf and Red Sea.
Tensions are diminished, however, now that Israel and Iran agreed to a tentative cease-fire after putting the world on edge with a barrage of missile attacks. The U.S. Energy Department on Tuesday said about one fifth of the global LNG trade moves through the volatile Strait of Hormuz. Qatar, another LNG powerhouse, exported 9.3 Bcf/d on average through the region last year, federal data show. Total U.S. LNG exports are running at around 15 Bcf/d.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
