Tuesday, 11 March 2025
Home Topics Business Australia’s Woodside signs deal with Bechtel to develop Louisiana LNG project
BusinessFuelLiquefied Natural GasNews

Australia’s Woodside signs deal with Bechtel to develop Louisiana LNG project

61
FILE PHOTO: Australia's Woodside Energy Group's exhibition booth is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. REUTERS/Florence Tan/File Photo
FILE PHOTO: Australia's Woodside Energy Group's exhibition booth is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. REUTERS/Florence Tan/File Photo

SINGAPORE (Reuters) – Australia’s Woodside Energy Group said on Thursday it has signed an engineering, procurement and construction (EPC) contract with U.S. engineering firm Bechtel to develop the Louisiana liquefied natural gas (LNG) project.

The EPC contract will cover the foundation development for the project’s three production trains, with a capacity of 16.5 million tons per annum.

The oil and gas producer also stated that it aims to make the final investment decision (FID) by the first quarter of 2025.

“Total Louisiana LNG expenditure from December to the end of the first quarter of 2025 is forecast to be up to $1.3 billion, which is included in the overall estimated cost for the foundation development,” Woodside said in a statement.

The estimated cost for the project’s foundation development is $900-$960 per ton of LNG, unchanged from the range at the time of its acquisition.

Woodside fully owns the Louisiana LNG project after its $1.2 billion acquisition of developer Tellurian Inc in October. It is seeking to sell a 50% stake in the project.

The project has a total permitted capacity of 27.6 million tons per annum.

(Reporting by Emily Chow; Editing by Sherry Jacob-Phillips)

Related Articles

Lilium burnt through huge sums while trying to develop its jet (AFP)

German flying taxi start-up’s rescue deal collapses

A German flying taxi start-up said on Friday it would halt operations...

FILE PHOTO: U.S. Secretary of the Interior Doug Burgum speaks as he attends a signing ceremony with members of the West Virginia Congressional Delegation at the EPA headquarters in Washington, D.C., U.S., February 18, 2025. REUTERS/Kent Nishimura/File Photo

US energy council chief says power plants to produce 15% more electricity

By Valerie Volcovici WASHINGTON (Reuters) – U.S. Interior Secretary and co-chair of...

Cuba has inaugurated a new solar energy park in the capital Havana (AFP)

Cuba opens solar park hoping to stave off blackouts

Cuba on Friday unveiled a new solar energy park in the capital...

FILE PHOTO: Cranes unload imported iron ore from a cargo vessel at a port in Lianyungang, Jiangsu province, China October 27, 2019. REUTERS/Stringer/File Photo

Iron ore heads for weekly gain on brightening demand outlook, China stimulus hopes

By Amy Lv and Lewis Jackson BEIJING (Reuters) -Iron ore futures prices...

Login into your Account

Please login to like, dislike or bookmark this article.