Houston – (Business Wire) – Woodside announces the completion of the 40% interest sale of Louisiana LNG Infrastructure LLC to Stonepeak, a leading global investment company specializing in infrastructure and actual assets.
The completion follows Woodside’s announcement on April 7, 2025, signed a contract with Stonepeak, strengthening Louisiana LNG economics and strengthening Woodside’s short-term capabilities for shareholder profits.
Under this transaction, Stonepeak will contribute 75% of project capital expenditures in both 2025 and 2026, providing US$5.7 billion for expected capital expenditures for Louisiana LNG foundation development on an accelerated basis.
The approximately US$1.9 billion closure payments received by Woodside reflect the 75% share of Stonepeak’s CAPEX funds that occurred since the effective date of January 1, 2025.
Woodside CEO Meg O’Neill said Stone Peak will add even more value to the Louisiana LNG project.
“The partnership with Stonepeak reflects the appeal of Louisiana LNG and was a key milestone for a successful final investment decision. StonePeak is a high-quality partner with extensive investment experience across US gas and LNG infrastructure.
“Accelerated capital contributions from Stone Peak will strengthen returns for the Louisiana LNG project and strengthen the capacity of shareholder returns ahead of the initial freight from the Western Australian Scarborough Energy Project targeted at the second half of 2026.
“We continue to have strong interest from our additional potential partners at Louisiana LNG.”
Our private equity head James Wyper, senior managing director at Stonepeak, said the company is pleased to work with Woodside.
“Louisiana LNG will be a timely and strategic addition to the US LNG export environment as global demand for cleaner, flexible and affordable energy continues to grow.
“We look forward to providing expertise and capital to the construction and future operations of Louisiana LNG, and are extremely energising to continue supporting the development of critical North American LNG infrastructure with global impact.”
About Stone Peak
Stonepeak is an alternative investment company specializing in infrastructure and real assets, with approximately US$73 billion in assets under management. Stonepeak aims to create value for investors and portfolio companies through investments in defensive, hard asset businesses, with an emphasis on downside protection and strong risk-adjusted returns.
As a sponsor of private equity and credit investment vehicles, Stonepeak offers capital, operational support and committed partnerships to increase investment in target sectors such as digital infrastructure, energy and energy transition, transportation and logistics, and real estate. Stone Peak is headquartered in New York and has offices in Washington, DC, London, Hong Kong, Seoul, Sympore, Sydney, Tokyo, Abu Dhabi and Riyadh.
About Louisiana LNG
Louisiana LNG is a fully-permitted LNG project located near Lake Charles, Louisiana, with a total capacity of 27.6 million tonnes (MTPA) per year across five trains.
The approved foundation project includes three trains with a total capacity of 16.5 MTPA, and successfully completed its final investment decision in April 2025.
Bechtel is an engineering, procurement and construction contractor under a turnkey contract lump sum. The facility utilizes Chart IPSMR® liquefaction technology and Baker Fughes LM6000PF+ gas turbine.
The announcement was approved and was granted release by the Woodside Disclosure Committee.
Forward-looking statements
This announcement includes forward-looking statements regarding Woodside’s business and operations, market conditions, and results of operations and financial position. For example, transaction statements, including, but not limited to statements regarding transactions and other future arrangements between the parties and statements regarding forecasts regarding the future results of the project. All forward-looking statements contained in this announcement reflect Woodside’s views held on the day of this announcement. All statements, other than statements of historical or present facts, are forward-looking statements and generally may be identified by the use of forward-looking words such as ‘guidance’, ‘foresee’, ‘likely’, ‘potential’, ‘believe’, ‘aim’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘target’, ‘plan’, ‘forecast’, ‘project’, ‘schedule’, ‘will’, ‘should’, ‘seek’, and other similar words or expressions.
The forward-looking statements in this announcement are not guidance, forecasts, guarantees or forecasts of future events or performance, but rather the nature of the ambitious goals Woodside has set for the management of itself and its business. These statements and the assumptions on which they are based are opinions only, changed without notice and subject to inherent known and unknown risks, uncertainties, assumptions and other factors. These are beyond the control of Woodside, its affiliates, and their respective officers, directors, employees, advisors or representatives.
Details of the key risks associated with Woodside and its business can be found in the “Risks” section of Woodside’s latest annual report released on the Australian Stock Exchange and Woodside’s latest annual report. These risks should be reviewed and considered when considering the information contained in this announcement.
Investors are strongly warned not to overreliate on forward-looking statements. Actual results or performance may differ materially from those expressed or implied in forward-looking statements.
All information contained in this announcement, including forward-looking statements, will be spoken only as of the date of this announcement, and, except as of the request for law or regulation, Woodside does not commit to update or revise any information or forward-looking statements contained in this announcement as a result of new information, future events, or other results.
Other important information
All references to dollars, cents, or $ in this announcement are to US currency unless otherwise stated. A reference to “Woodside” is a reference to Woodside Energy Group Ltd and/or applicable subsidiaries (as required by the context).
1For more information, see “Woodside announces Louisiana LNG Partnership with Stonepeak,” announced on April 7, 2025.
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