Woodside Energy of Australia to Sell 40% Stake in Louisiana LNG Project to Stonepeak
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Woodside Energy, an Australian energy company, announced on Monday that it would be selling a 40% share in its Louisiana LNG Infrastructure project to the American investment firm Stonepeak. As part of the agreement, Stonepeak, with approximately $72 billion in assets under management, will be investing $5.7 billion in capital expenditure towards the initial development of the project. Woodside stated that its own financial contribution towards the project's capital expenditure will be expedited in 2025 and 2026.

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