2232 GMT - Woodside Energy appears cornered into a 2Q final investment decision on Louisiana LNG, according to Barrenjoey. And FID is likely to happen before the Australian company can sell further equity in the project, which analyst Dale Koenders thinks could create a stock overhang in the near term. Woodside didn't provide an extensive update on Louisiana LNG in its 1Q report yesterday, although it did reiterate that there is strong interest from strategic partners in the project. "Woodside appears committed to now spend most of the budget, and Stonepeak InfraCo sale is conditional on an FID in 2Q, making Woodside appear wedded to an FID by June (potentially before equity sell-down)," Barrenjoey says. It has a neutral call on Woodside. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 23, 2025 18:32 ET (22:32 GMT)
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