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6 min ago 2 min read
Australian energy company Woodside Energy and its contractors have invested over $1bn in the foundational development of Louisiana LNG, a 27.6 million tonnes per annum (mtpa) liquefied natural gas (LNG) project currently under construction.
The investment follows Woodside awarding a $300m services contract to Green Tug Towing, a joint venture between Harbor Docking & Towing and Saltchuk Marine.
Under the contract, Green Tug Towing will build four new tugs for the project, with delivery expected by 2028. Louisiana LNG is targeting its first LNG production in 2029.
Daniel Kalms, Executive Vice-President at Woodside, described the contract as an “important milestone,” noting that it will support reliable operations at Louisiana LNG once the project is complete.
Woodside for Louisiana LNG in April 2025 and, in June 2025, New York-based investment firm Stonepeak acquired 40% interest in the site.
Stonepeak will invest $5.7bn, covering 75% of the spending in 2025 and 2026, while Woodside is responsible for the remaining $11.8bn.
Woodside acquired Louisiana LNG through its of natural gas firm Tellurian and its Driftwood LNG project, before rebranding it as Louisiana LNG.
