Woodside has announced the successful completion of the sell-down of a 40 percent interest in Louisiana LNG Infrastructure LLC to Stonepeak, a prominent global investment firm specialising in infrastructure and real assets.
This milestone follows Woodside’s announcement on April 7, 2025, regarding the signing of an agreement with Stonepeak, which is expected to enhance the economics of Louisiana LNG and strengthen Woodside’s ability to deliver shareholder returns in the near term.
As part of the transaction, Stonepeak will contribute $5.7 billion towards the anticipated capital expenditure for the foundational development of Louisiana LNG at an accelerated pace, covering 75 percent of the project’s capital expenditure in both 2025 and 2026.
The closing payment of approximately $1.9 billion received by Woodside reflects Stonepeak’s share of capital expenditure funding incurred since the effective date of January 1, 2025.
Woodside’s CEO, Meg O’Neill, expressed confidence that Stonepeak would bring additional value to the Louisiana LNG Project. She noted, “Our partnership with Stonepeak highlights the attractiveness of Louisiana LNG and represents a significant milestone towards achieving a successful final investment decision. Stonepeak is a high-quality partner with extensive investment experience across U.S. gas and LNG infrastructure.”
O’Neill added that the accelerated capital contribution from Stonepeak would improve returns on the Louisiana LNG project and bolster Woodside’s capacity for shareholder returns prior to the first cargo from the Scarborough Energy Project in Western Australia, which is targeted for the latter half of 2026. She also mentioned ongoing strong interest from other potential partners in Louisiana LNG.
James Wyper, senior managing director and Head of US private equity at Stonepeak, expressed enthusiasm about collaborating with Woodside. He stated, “Louisiana LNG will be a timely and strategic addition to the US LNG export landscape as global demand for cleaner, more flexible, and more affordable energy continues to rise. We look forward to leveraging our expertise and capital to support the construction and future operation of Louisiana LNG, and we are excited to continue developing critical North American LNG infrastructure with a global impact.”
For more information visit www.woodside.com
