Woodside Energy Group (ASX:WDS) said it is progressing discussions with additional partners for its integrated Louisiana LNG project in the US, according to a April 27 statement by the company.
The partnership approach aims to reduce Woodside's capital expenditure while accelerating the project's value, the statement said.
The project could deliver over AU$8 billion in net operating cash and generate a 12% return, projected to exceed the 12% target outlined in Woodside's capital allocation framework, with an internal rate of return (IRR) expected to exceed 13%, the statement added.
Future expansions of the project could further reduce unit production costs and enhance returns through brownfield development, the company said.
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.