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.
/Article