Woodside Energy announces Louisiana LNG partnership with Stonepeak

Woodside has entered into a binding agreement with Stonepeak, a global investment firm specializing in infrastructure and real assets, for the sale of a 40% interest in Louisiana LNG Infrastructure LLC, providing validation of project quality and increasing attractiveness of the project to other potential equity partners. The transaction significantly reduces Woodside’s capital expenditure profile and is a material step towards readiness for a final investment decision. Under the transaction, Stonepeak will provide $5.7B towards the expected capital expenditure for the foundation development of Louisiana LNG on an accelerated basis, contributing 75% of project capital expenditure in both 2025 and 2026. This enhances the project economics and Woodside’s cash flow profile ahead of revenues from Woodside’s Scarborough Energy Project in Australia, strengthening the capacity for shareholder returns. The remainder of Stonepeak’s committed capital will be funded in subsequent years.