Australia’s Woodside to build out flagship Louisiana LNG project
Australian energy company Woodside has reached a final investment decision (FID) on its three-train Louisiana LNG facility, opening the prospect of production by 2029.
Once fully operational, Louisiana LNG will have the capacity to produce 16.5 million tonnes of LNG annually. This will increase Woodside’s global LNG production to around 25 million tonnes annually, so it is a massive project for the company.
Woodside acquired the project through its $1.2bn purchase of natural gas firm Tellurian and its Driftwood LNG project. Woodside renamed it Louisiana LNG.
Woodside expects Louisiana LNG to generate around $2bn a year in net operating cash in the 2030s, when running at full capacity.
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