Woodside announces Louisiana LNG partnership with Williams
Australia, Oct. 23 -- Woodside has simultaneously signed and closed a transaction with Williams, a world-class leader in US natural gas infrastructure, for an integrated investment in Louisiana LNG. The strategic partnership involves the sale by Woodside of a 10% interest in Louisiana LNG LLC (HoldCo) and an 80% interest and operatorship of Driftwood Pipeline LLC (PipelineCo) to Williams for a purchase price of US$250 million at the effective date of 1 January 2025. The total proceeds received are $378 million including proportionate capital reimbursement since the effective date.The transaction represents the next key stage towards realising Woodside's strategy for Louisiana LNG. It not only secures capital and offtake commitments but also...
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