US-based infrastructure investment firm Stonepeak has bought a 40% interest in Louisiana LNG Infrastructure, owned by Australia-based global company Woodside Energy Group.
The large-scale project, located in the heart of the Gulf Coast LNG corridor with its natural gas resources and direct access to the US Gulf, forecasts total permitted capacity of 27.6 million tonnes per annum and is nearing final investment decision for the foundation development.
Construction is currently underway – ultimately five LNG plants are planned over four phases – and front-end engineering design completed.
Leading infrastructure delivery firm Bechtel is the engineering, procurement, and construction contractor and Woodside will continue to operate the project following completion of the transaction, which is expected to close in the second quarter.
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