Woodside Energy Approves Major LNG Project in Louisiana

An update from Woodside Energy Group ( (AU:WDS) ) is now available.

Woodside Energy Group has approved the development of a major LNG project in Louisiana, which is expected to significantly enhance its global LNG portfolio. The project, with a capacity of 16.5 million tonnes per annum, is set to commence in 2029 and will position Woodside to supply over 5% of the global LNG market. This development is anticipated to generate substantial cash flow and long-term value for shareholders, with an internal rate of return above 13% and a payback period of seven years. The project will also support approximately 15,000 jobs during construction and represents the largest single foreign direct investment in Louisiana’s history.

More about Woodside Energy Group

Woodside Energy Group is a prominent player in the energy industry, primarily focusing on liquefied natural gas (LNG) production and distribution. The company is known for its extensive LNG portfolio and operations, aiming to strengthen its position as a global LNG powerhouse.

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Current Market Cap: A$37.95B

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