Woodside Energy Group Ltd has finalized the sale of a 40% stake in Louisiana LNG Infrastructure LLC to Stonepeak, a renowned investment firm specializing in infrastructure and real assets. The transaction, initially announced in April 2025, has concluded with Woodside receiving approximately $1.9 billion, representing Stonepeak’s 75% share of the capital expenditure incurred since January 1, 2025.
This strategic move sees Stonepeak committing $5.7 billion towards the expected capital expenditure for the foundation development of the Louisiana LNG project over 2025 and 2026. Stonepeak’s involvement is expected to enhance the project’s economic returns and strengthen Woodside’s capacity for shareholder returns.
Meg O’Neill, CEO of Woodside (WDS, Financial), emphasized the value Stonepeak brings to the project, highlighting their extensive experience in US gas and LNG infrastructure. The partnership is a significant milestone for achieving a successful final investment decision for the Louisiana LNG project.
Stonepeak’s Senior Managing Director, James Wyper, reflected on the strategic significance of Louisiana LNG, indicating its timely addition to the US LNG export landscape amidst growing global demand for clean, flexible, and affordable energy. Stonepeak aims to leverage its expertise and capital in supporting the development of this critical North American LNG infrastructure.
Louisiana LNG, located near Lake Charles, Louisiana, boasts a fully permitted capacity of 27.6 million tonnes per annum across five trains. The project’s engineering, procurement, and construction are being handled by Bechtel under a lump sum, turnkey agreement, utilizing advanced liquefaction technology from Chart IPSMR® and Baker Hughes gas turbines.