Woodside completes 40% Louisiana LNG sale to Stonepeak

Global energy company Woodside has sold a 40% stake in the planned Louisiana LNG facility, which is approved to produce 27.6 million tonnes of LNG per year, to US investment firm Stonepeak.

As part of the deal, Stonepeak will invest $5.7bn to help fund the early development of Louisiana LNG, covering 75% of the project’s capital costs in 2025 and 2026.

The total expected cost for the LNG project, pipeline, and reserves is $17.5bn.

The approved foundation project includes three trains with a combined capacity of 16.5 million tonnes per annum and reached a final investment decision in April 2025.

Meg O’Neill, CEO of Woodside, said Stonepeak would add further value to the project.

Stonepeak’s Senior Managing Director James Wyper added, “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.”

The news follows an initial agreement signed between the two companies in April.