0026 GMT - Woodside Energy's share of construction costs of its newly approved Louisiana LNG project in the U.S. is some $2 billion higher than Citi expected. Announcing a final investment decision on Louisiana LNG, Woodside said its share of the $17.5 billion project costs is some $11.8 billion. Analyst Paul McTaggart says the higher cost can partly be explained by capex coming in at $960/ton of LNG. That is at the top end of Woodside's previously stated $900-$960/ton range. McTaggart also points to higher contingency costs and a management reserve component that contains allowances for tariffs and business unit costs. Still, Woodside is pursuing deals to reduce its equity in the project, which would reduce the burden on its balance sheet and cut risks. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 28, 2025 20:26 ET (00:26 GMT)
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