Woodside Energy Group Ltd (WDS) plans to add several partners to its Louisiana liquefied natural gas development by Q1 of 2025 when it has to make a final investment decision on the project, Reuters reported Thursday, citing Chief Executive Officer Meg O'Neill.
The company is currently the sole owner of the project and is looking to sell a 50% stake in the facility, which could convert US shale gas into up to 27.7 million tons per annum of LNG, according to the report.
O'Neill told Reuters that Woodside has been in discussions with US natural gas producers as well as infrastructure-focused investors but did not name any companies.
The company will lock in natural gas supplies after the final investment decision on the project, which is now expected to cost about $900 to $960 per ton of LNG and start production in 2028, O'Neill said.
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