Woodside Energy Group (ASX:WDS) is in negotiations with several potential buyers, including Tokyo Gas, Japan's power generation company JERA, and liquefied natural gas (LNG) company MidOcean Energy, to sell a stake in its LNG plant and export terminal in Louisiana, Reuters reported Tuesday, citing unnamed sources.

The first phase of Louisiana LNG is expected to cost around AU$16 billion to develop and will have a production capacity of 11 million metric tonnes per annum (MTPA), the report said. Once complete, it is projected to produce 27.6 MTPA, per the report.

Woodside, which acquired the Louisiana LNG project through its AU$1.2 billion purchase of developer Tellurian last year, has secured all necessary permits for construction, the report added.

The sale process is expected to wrap up soon, with Woodside signaling a final decision by March, per the report.

In an email to MT Newswires, Woodside declined to comment on the matter but reaffirmed that it is targeting final investment decision readiness for Louisiana LNG from the first quarter of 2025.

Jera, Tokyo Gas, and MidOcean Energy did not immediately respond to MT Newswires' request for comment.

Shares of Woodside Energy fell nearly 2% in recent Tuesday trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)