Australia's Woodside may push a final investment decision on its Louisiana liquefied natural gas (LNG) plant into the second quarter of 2025 as talks to sell half of the project drag on…
Australia's Woodside may push a final investment decision on its Louisiana liquefied natural gas (LNG) plant into the second quarter of 2025 as talks to sell half of the project drag on, CEO Meg O'Neill told Reuters on Monday.
Woodside wants to sell as much as 50% of the project. Reuters has previously reported that the company is in talks with several potential buyers including Tokyo Gas, Japan's JERA and Saudi Aramco-backed MidOcean Energy.
"We want to make sure we have confidence in the partners and that we have an adequate sell down," O'Neill said in an interview on the sidelines of an energy conference in Houston.
"So look, it may slip into the second quarter, but our goal is to be ready from the first quarter."
O'Neill declined to name the parties holding talks with Woodside.
Woodside had previously said it would make an investment decision by the end of the first quarter on building the first phase of the 27.6 million metric ton per annum facility at Lake Charles, Louisiana. The cost of building the first phase is estimated at around $16 billion.
O'Neill said there is strong interest in the project because it is fully permitted and has
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