Woodside Energy (WDS) said Tuesday that it will invest in a three-train Louisiana LNG development with an annual capacity of 16.5 million metric tons.
Total capital expenditure for the LNG project, pipeline and management reserve is forecasted at $17.5 billion, with Woodside's share at $11.8 billion, according to the company.
Woodside expects the first LNG in 2029.
The company said the development can be expanded to add two more LNG trains and is fully permitted for a total capacity of 27.6 million metric tons per annum.
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