By rssfeeds-admin The company said the $17.5 billion investment will be made in the LNG project, pipeline, and management reserve. Louisiana LNG Infrastructure LLC investor Stonepeak will invest $5.7 billion in the project, contributing 75% of capital expenditures in 2025 and 2026.
“As the largest single foreign direct investment in Louisiana’s history, Louisiana LNG will also be the first greenfield US LNG project to go to final investment decision since July 2023,” Woodside CEO Meg O’Neil said.
According to O’Neil, 15,000 national jobs will be created during the construction of the project.
Gov. Jeff Landry and the Louisiana Economic Development leaders will discuss the multi-billion-dollar investment in a news conference at 11:30 a.m. Tuesday.
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