Woodside Energy Group ( (AU:WDS) ) has shared an announcement.
Woodside Energy Group has entered into a partnership with Stonepeak, selling a 40% interest in Louisiana LNG Infrastructure LLC. This agreement reduces Woodside’s capital expenditure and accelerates the project’s development, with Stonepeak contributing $5.7 billion towards the capital expenditure. This partnership enhances the project’s economics and strengthens Woodside’s capacity for shareholder returns, positioning the Louisiana LNG project as a globally attractive investment.
More about Woodside Energy Group
Woodside Energy Group is a global energy company with over 35 years of experience in the LNG industry. The company is known for its reliable and affordable energy solutions, leveraging its expertise in project execution and operational excellence to build a diverse global portfolio. Woodside pioneered Australia’s LNG industry and operates the North West Shelf Project, having shipped its first LNG cargo to Japan in 1989.
YTD Price Performance: -13.97%
Average Trading Volume: 4,913,470
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$38.75B
For a thorough assessment of WDS stock, go to TipRanks’ Stock Analysis page.