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Woodside completes sale of 40% stake in Louisiana LNG project to Stonepeak

Woodside finalises the divestment of a 40% stake in the Louisiana LNG project to Stonepeak, injecting $5.7 billion to accelerate developments and optimise financial returns ahead of first gas delivery scheduled in 2026.

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Woodside Energy has announced the completion of the divestment of a 40% interest in Louisiana LNG Infrastructure LLC to Stonepeak, an international investment firm specialised in infrastructure. This partnership involves a significant financial contribution aimed at accelerating key phases of the Louisiana LNG (Liquefied Natural Gas) project.

Accelerated investment to optimise timeline

Stonepeak provides total financing of $5.7 billion, covering 75% of the anticipated expenses for 2025 and 2026. This immediate capital injection is intended to cover the majority of investments necessary for the initial development phases. It enables Woodside to maintain an ambitious timeline for the project located in Louisiana.

The initial closing payment received by Woodside amounts to approximately $1.9 billion, corresponding to 75% of the capital expenditures incurred since the agreement’s effective date of January 1, 2025. This sum is entirely allocated to the initial development costs of the liquefaction facility.

Strategic objective for Woodside

Woodside CEO Meg O’Neill stated that this transaction represents a key milestone in ensuring the economic and commercial viability of the Louisiana LNG project. She also highlighted that this partnership facilitates reaching the project’s final investment decision. Ms. O’Neill indicated that the implemented financial structure will enhance project financial returns and contribute to optimising shareholder returns.

Louisiana LNG represents a strategic asset for Woodside, particularly ahead of the upcoming launch of the Scarborough Energy project in Western Australia, whose first cargo is scheduled for the second half of 2026. The company notes that the Louisiana LNG project is attracting significant interest from other potential investors.

Stonepeak’s strategic positioning in energy

Stonepeak, represented by Senior Managing Director and Head of US Private Equity James Wyper, affirmed that Louisiana LNG would strategically complement US LNG export capabilities. He emphasised the firm’s intent to actively participate in the construction and operation of this key facility amid increasing global demand for liquefied natural gas.

Stonepeak thus reaffirms its commitment to supporting North American energy infrastructure with global reach.

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