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Highlights
- Project Scope: The contract covers the foundation development for three production trains, with a total capacity of 16.5 million tons per annum (MTPA).
- Investment Timeline: Woodside aims to make its final investment decision (FID) by Q1 2025, with an estimated $1.3 billion forecasted for total expenditure through the end of Q1 2025.
- Project Ownership and Capacity: After acquiring Tellurian Inc. for $1.2 billion in October, Woodside fully owns the Louisiana LNG project, which has a total permitted capacity of 27.6 MTPA. The company is also seeking a partner for a 50% stake in the project.
Woodside Energy Group (ASX:WDS) has announced that it has secured an engineering, procurement, and construction (EPC) contract with U.S. engineering giant Bechtel for its Louisiana LNG project. The contract will cover the foundation development for three production trains, which will have a combined capacity of 16.5 million tons per annum (MTPA).
Woodside, which acquired Tellurian Inc. for $1.2 billion in October, now fully owns the Louisiana LNG project. The project itself has a total permitted capacity of 27.6 MTPA, and Woodside is actively seeking to sell a 50% stake in the development.
The company also set a target to make its final investment decision (FID) by the first quarter of 2025, with $1.3 billion in total expenditure anticipated through this period. The estimated cost for the project's foundation development is between $900-$960 per ton of LNG, remaining in line with earlier estimates. This milestone marks an important step in the development of the project, expected to become a key asset in Woodside’s LNG portfolio.
