Woodside in LNG deal with investment firm

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced an agreement to acquire a 40% interest in Louisiana LNG Infrastructure, a liquefied natural gas production and export terminal in Calcasieu Parish, Louisiana owned by Woodside Energy Group. (Image: Woodside Energy)

Investment firm Stonepeak has announced a deal to acquire a 40% interest in Louisiana LNG Infrastructure, a major liquefied natural gas (LNG) export terminal currently under development in Calcasieu Parish, Louisiana. The facility is owned by Woodside Energy Group, which will retain operational control following the transaction.

Under the transaction, Stonepeak will provide US$5.7 billion 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.

Positioned strategically within the Gulf Coast LNG corridor, the Louisiana LNG project boasts a total permitted capacity of 27.6 million tonnes per annum and is advancing toward a final investment decision (FID) for its foundation phase. Construction is underway, and front-end engineering design has been completed. Bechtel is serving as the engineering, procurement, and construction (EPC) contractor.

“With the need to bring significant additional capacity online over the coming years, we have strong conviction in the critical role Louisiana LNG will play in the US LNG export market,” said James Wyper, Senior Managing Director and Head of US Private Equity at Stonepeak. He described the project as a “compelling opportunity” with a favorable risk-return profile and backing from “best-in-class partners.”

Woodside CEO Meg O’Neill welcomed Stonepeak’s involvement, citing the firm’s experience in US LNG infrastructure, including LNG facilities, carriers, and floating regasification units. “This transaction further confirms Louisiana LNG’s position as a globally attractive investment,” O’Neill said, adding that it would also reduce Woodside’s capital expenditure requirements for the project.

The transaction, which followed a competitive process involving global bidders, is expected to close in the second quarter of 2025, pending regulatory approvals and FID for the foundation development.