Woodside to bring in several partners to Louisiana LNG project by March, CEO says [Yahoo! Finance]
TOKYO GAS CO LTD UNSP/ADR (TKGSY)
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Source: Yahoo! Finance
by the time the company gives the financial go-ahead to the U.S. project in the first quarter of 2025, its CEO told Reuters. Australia-listed Woodside is seeking to sell a 50% stake in the Louisiana LNG project, which it fully owns following the $1.2 billion acquisition of developer Tellurian Inc in October. The U.S. Gulf Coast facility could convert U.S. shale gas into up to 27.7 million tons per annum of LNG. Woodside has held talks with U.S. natural gas producers, traditional LNG buyers who take an equity stake and LNG supplies from the project as well as infrastructure-focused investors seeking steady revenue over a long time, CEO Meg O'Neill told Reuters. Announcements on new partners in the projects would be "concurrent with the FID (final investment decision) at the latest," she said. "The goal is to put together a dream team where everybody in the partnership brings something of value. It might be an understanding of the onshore gas market, it might be infrastructure c
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