Woodside Signs Agreement for Louisiana LNG
Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share (WDS)
Company Research
Source: Business Wire
PERTH, Australia--(BUSINESS WIRE)--Woodside has signed a revised lump sum turnkey engineering, procurement and construction (EPC) contract with Bechtel for the development of the three train 16.5 million tonnes per annum foundation development of Louisiana LNG.Bechtel has worked on site since the acquisition and will continue work under a limited notice to proceed (LNTP) executed under the revised EPC contract. The LNTP provides for continued site construction and commitment to certain key materials and services required for the foundation project.Woodside CEO Meg O’Neill said the signing of the EPC contract and continuation of engineering and construction activities contemplated by the LNTP represented an important step in the development of Louisiana LNG.“Louisiana LNG is positioned to provide LNG into the growing global market and generate value for shareholders in accordance with our capital allocation framework.“We continue to move at pace. In a short period of time, we have
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