Woodside Energy Group (ASX:WDS) Chief Executive Meg O'Neill said the Australian gas producer's liquified natural gas (LNG) project in Louisiana is likely to benefit from the Trump administration's trade policy, Reuters reported on Tuesday.

In an interview with the publication, O'Neill said LNG is a "low-hanging fruit" for foreign nations looking to adjust their trade balance with the US. She also noted that the current administration's policy is a "very clear pro" for the company amid what she called "red and green tape" facing Australian projects.

On a separate earnings call, O'Neill said the Louisiana LNG project had a "competitive advantage" and could offer a price premium, Reuters reported. She added that the project is "at least a year ahead of everybody else in the US."

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