Woodside in talks to sell Louisiana LNG stake to Kuwait Petroleum unit, Bloomberg News reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2025
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Source: Reuters
Woodside Energy's Stake Sale: Woodside Energy is in discussions with Kuwait Foreign Petroleum Exploration to sell a stake in its Louisiana LNG plant, while also exploring LNG supply agreements. This follows a recent sale of a 40% stake to Stonepeak for $5.7 billion.
Expansion and Partnerships: The company aims to develop the Louisiana LNG project, previously known as Driftwood, which has a capacity of 27.6 million metric tons per year, through partnerships and supply deals, including one with German utility Uniper for 1 million tonnes annually.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
