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Woodside Wants to Sell 20%-30% of Louisiana LNG Holding Company Woodside Energy could retain as much as 80% of the holding company for its $17.5 billion Louisiana LNG project in the U.S. as it progresses talks with potential partners. https://t.co/uE87linOSm
As Venture Global Battled Offtakers, LNG Contracts Evolved The US LNG exporter won its arbitration case this week against offtaker Shell, but that doesn't mean offtakers will face similar frustrations going forward. https://t.co/marg7Ulwgv
Woodside Plans to Divest 20-30% of Its Louisiana LNG Holding Company, According to Wall Street Journal
Woodside Energy Group Ltd. is seeking to sell a 20%–30% interest in the holding company that owns its proposed US liquefied natural-gas development in Louisiana, according to a Wall Street Journal report confirmed by people familiar with the process. The divestment would leave Woodside with as much as 80% of the vehicle for the roughly $17.5 billion project while bringing in one or more partners to help fund construction and share risk. Discussions with potential investors are under way, the report said.
