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On Sunday, Woodside Energy Group (NYSE:WDS) inked a binding deal to sell a 40% stake in Louisiana LNG Infrastructure LLC to Stonepeak.
As per the deal, Stonepeak plans to invest $5.7 billion in the development of the three-train, 16.5 mtpa foundation phase of Louisiana LNG.
The investment is expected to cover 75% of capital expenditure in 2025 and 2026, with development starting on January 1, 2025.
This significantly eases Woodside's capex burden, improves project economics, and strengthens c...
>>> Read more: Woodside Energy Sells 40% Stake In Louisiana LNG Project For $5.7 Billion
As per the deal, Stonepeak plans to invest $5.7 billion in the development of the three-train, 16.5 mtpa foundation phase of Louisiana LNG.
The investment is expected to cover 75% of capital expenditure in 2025 and 2026, with development starting on January 1, 2025.
This significantly eases Woodside's capex burden, improves project economics, and strengthens c...
>>> Read more: Woodside Energy Sells 40% Stake In Louisiana LNG Project For $5.7 Billion
