Woodside Announces Louisiana LNG Partnership with Williams

Woodside Energy Group Ltd. has entered into a strategic partnership with Williams, a leader in U.S. natural gas infrastructure, for an integrated investment in Louisiana LNG. The transaction involves the sale of a 10% interest in Louisiana LNG LLC and an 80% interest in Driftwood Pipeline LLC to Williams for $250 million, with total proceeds of $378 million. Williams will contribute $1.9 billion in capital expenditure for the LNG facility and pipeline and will assume LNG offtake obligations for 10% of produced volumes. This partnership leverages Williams' expertise in pipelines and gas sourcing, combined with Woodside's LNG development and operational capabilities, to enhance the Louisiana LNG project. The project is on track to deliver first LNG in 2029.