Woodside Energy has completed its sell-down of a 40% interest in Louisiana LNG to global investment firm Stonepeak. Under the transaction, Stonepeak will provide $5.7 billion towards the capital expenditure for the development of Louisiana LNG on an accelerated basis, contributing 75% of project capital expenditure in both 2025 and 2026.
Meg O’Neill, CEO of Woodside Energy
The closing payment of approximately $1.9 billion received by Woodside reflects Stonepeak’s 75% share of capex funding incurred since the effective date of 1 January 2025.
“Our partnership with Stonepeak reflects the attractiveness of Louisiana LNG and was a key milestone towards achieving a successful final investment decision,” said Woodside CEO Meg O’Neill. “Stonepeak is a high-quality partner, with extensive investment experience across U.S. gas and LNG infrastructure.”
“The accelerated capital contribution from Stonepeak enhances Louisiana LNG project returns and strengthens our capacity for shareholder returns ahead of first cargo from the Scarborough Energy Project in Western Australia, targeted for the second half of 2026,” O’Neill continued. “We continue to see strong interest from additional potential partners in Louisiana LNG.”
“Louisiana LNG will be a timely and strategic addition to the U.S. LNG export landscape as the world’s demand for cleaner, more flexible and more affordable energy continues to grow,” added Stonepeak Senior Managing Director and Head of U.S. Private Equity James Wyper.
“We look forward to contributing our expertise and capital to the construction and future operation of Louisiana LNG and are highly energized to continue supporting the development of critical North American LNG infrastructure with global impact.”
