2252 GMT [Dow Jones]--Goldman Sachs says it remains uncertain how Trump's tariffs will affect the costs of Woodside Energy's Louisiana LNG project following the Australian company's 1Q report. Woodside yesterday said around 25% of Louisiana LNG's estimated capex is equipment and materials. It expects to source around half of those materials from the U.S. "It remains unclear whether potential cost increases from tariffs would be captured within the announced US$900-960/ton Engineering, Procurement, and Construction contract," says analyst Henry Meyer. Assuming the 25% U.S. import tariffs on aluminum and steel apply to this cost, and assuming U.S. supply costs are unchanged, the holding company for Louisiana LNG could need to fund an additional US$500 million, GS says. (david.winning@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 18:59 ET (22:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.