Woodside Energy has reached a final investment decision (FID) to develop the three-train 16.5 million tonne per annum (mtpa) Louisiana LNG facility, according to an April 28 press release.

The forecasted total capex for the LNG project, pipeline and management reserve is $17.5 billion, Australia-based Woodside said.

Woodside said it is targeting first LNG from the development in 2029.

Woodside acquired the LNG plant, which is located in Cameron Parish, Louisiana, in October 2024 through its $900 million buyout of Tellurian Inc. Bechtel is the primary engineering, procurement and construction contractor on the project.

Louisiana LNG will enable the company to deliver approximately 24 mtpa from its global LNG portfolio in the 2030s and operating over 5% of global LNG supply, Woodside said.

At full capacity, Louisiana LNG is expected to generate approximately $2 billion of annual net operating cash in the 2030s, the release stated.

Woodside said the project exceeds capital allocation targets, delivering an IRR of more than 13% in a payback period of seven years.

Woodside CEO Meg O’Neill said the FID on Louisiana LNG was an historic moment for the company.

“The project benefits from access to abundant low-cost gas resources in the United States and boasts an asset lifespan of more than 40 years."

The project also has access to established interstate and intrastate gas supply networks, O’Neill added.

On April 7, Investment firm Stonepeak agreed to purchase a 40% interest in Louisiana LNG for $5.7 billion.

“Louisiana LNG is a game-changer for Woodside, set to position our company as a global LNG powerhouse and enable us to deliver enduring shareholder returns,” O’Neill said.

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