Woodside Energy Group (ASX:WDS) Louisiana liquefied natural gas (LNG) project is expected to see increased interest from third parties now that the project's final investment decision (FID) has been taken, according to a report from Jarden Research.

On Tuesday, the company gave final approval to build a $17.5 billion liquefied natural gas project in Louisiana.

This venture includes a three-train, 16.5 million tonnes per annum (mtpa) facility, with Woodside's share of the project's cost estimated at $11.8 billion.

The key uncertainty is whether the gap between US gas prices and global LNG prices will be wide enough to deliver the projected $2 billion annual cash flow over the next decade, Jarden said.

Jarden notes that Woodside is exploring potential partnerships to reduce its capital exposure to the project.

The company is in discussions with several firms, including Kufpec and JERA, about selling a stake in the HoldCo, the entity owning the commercial rights to the LNG capacity, Jarden added.

Jarden believes a sale of 30% could reduce Woodside's capital outlay by $3.5 billion, bringing in additional proceeds and possibly an equity share of offtake commitments from prospective partners.

The broker maintained Woodside Energy's overweight rating and raised its price target to AU$24 from AU$23.85.

Shares of the company fell 3% in recent Thursday trade.