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Australia’s Woodside Energy is boosting its U.S. exposure with a formal commitment to develop the $17.5 billion first stage of a world-class liquefied natural gas (LNG) project in Louisiana. Originally called the Driftwood project when owned by New York-listed Tellurian the LNG project was stalled for several years until acquired by Woodside last July for $900 million. A liquified natural gas transport ship docked in the Calcasieu River near Cameron, Louisiana. Jon … More Shapley/Houston Chronicle via Getty Images) Houston Chronicle via Getty Images The appeal of the renamed Louisiana LNG development is the full government permitting obtained by Tellurian for up to five LNG production trains with a notional capacity of 27.5 million tons of LNG a year. The first stage, which received Woodside board approval earlier today, is for three trains producing 16.5m/t a year. U.S. politicians seized on the announcement as validation of the energy policies of the country’s president Donald Trump. Louisiana Governor Jeff Landry said Woodside’s decision to develop its first LNG project in the U.S. was the biggest single foreign direct Invesment in his State’s history. U.S. President Donald Trump looks on as Louisiana Governor Jeff Landry speaks at an investment … More announcement in the White House. Photo by Win McNamee/Getty Images). Getty Images Woodside already operates LNG assets in Australia, including the original project, the North West Shelf. It is also is in the final stages of building the Scarborough project and plans to soon start construction of the Browse project, when it gets final government approval. The chief executive of Woodside, Meg O’Neill, said Louisiana LNG was “a game changer for Woodside”, which would position her company as a global LNG powerhouse. “This world-class project is a compelling and de-risked investment,” O’Neill said. “It leverages Woodside’s proven strengths in project execution,…

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Filed under: News - @ April 29, 2025 2:26 am