Woodside Energy Finalizes $5.7B Sale of Louisiana LNG Stake to Stonepeak

Woodside Energy Group Ltd. (NYSE:WDS) is one of the best low priced energy stocks to buy now. On June 25, Woodside Energy completed the sale of a 40% stake in its Louisiana LNG project to Stonepeak Partners. The project whch is located in Calcasieu Parish and is currently under construction. The transaction builds upon an agreement announced on April 7 earlier this year.

Under the agreement, Stonepeak will provide $5.7 billion towards the expected capital expenditure for the foundation development of Louisiana LNG on an accelerated basis. Stonepeak’s contribution will cover 75% of the project’s capital expenditure in both 2025 and 2026. Woodside received a closing payment of approximately $1.9 billion, which represents Stonepeak’s 75% share of capital expenditure funding incurred since the effective date of January 1.

A worker in safety gear with a drill rig in a sprawling oilfield.

Woodside made a final investment decision/FID for the project in April 2025, with the gross capital expenditure estimated at $17.5 billion. The FID approved Phase 1 of the project, which includes 3 liquefaction trains with a combined capacity of 16.5 million metric tons per annum/MMtpa. The Louisiana LNG project holds an Energy Department permit to export a cumulative 1.42 trillion cubic feet a year of natural gas equivalent, or 27.6 MMtpa of LNG, to both FTA and non-FTA countries.

Woodside Energy Group Ltd. (NYSE:WDS) explores, evaluates, develops, produces, markets, and sells hydrocarbons in the Asia Pacific, Africa, the Americas, and Europe.

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Disclosure: None. This article is originally published at Insider Monkey.