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Woodside Energy greenlights a $17.5 billion LNG project in Louisiana, set for production by 2029.
Australian energy giant Woodside Energy has approved a $17.5 billion liquefied natural gas (LNG) project in Louisiana, aiming for first production by 2029.
The project includes three trains with a total capacity of 16.5 million tons per year, potentially expandable to 27.6 million tons.
Woodside sold a 40% stake to Stonepeak for $5.7 billion, reducing their investment to $11.8 billion.
The project is expected to generate around $2 billion annually in net operating cash when fully operational.
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Woodside Energy da luz verde a un proyecto de GNL de 17.5 mil millones de dólares en Luisiana, programado para la producción en 2029.