Woodside Energy (WDS) is negotiating with Kuwait Foreign Petroleum Exploration, a unit of Kuwait Petroleum, to sell a stake in its fully permitted liquefied natural gas export project in Louisiana, Bloomberg reported Monday, citing people familiar with the matter.
Kuwait Foreign Petroleum is also interested in securing LNG supply from the project, according to the report.
The sources told Bloomberg that the talks are in early stages and could still fail.
The planned project, targeting first exports in 2029, would require billions of dollars in investment to complete, the report added.
Other parties are also showing interest in buying a stake and signing supply agreements, according to the news outlet.
Woodside Energy and Kuwait Petroleum didn't immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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