Stonepeak has plans to acquire a 40 percent interest in Louisiana LNG Infrastructure, a liquefied natural gas (LNG) production and export terminal in Calcasieu Parish, La., owned by Woodside Energy Group.
The project, positioned in the heart of the Gulf Coast LNG corridor near natural gas resources and with direct access to the gulf, has a total permitted capacity of 27.6 million tonnes per annum and is nearing final investment decision for the foundation development.
Construction is under way, and the front-end engineering design has been completed. Bechtel is the engineering, procurement, and construction (EPC) contractor for the project. Woodside will continue to operate the project following completion of the transaction.
“With the need to bring significant additional capacity online over the coming years, we have strong conviction in the critical role Louisiana LNG will play in the U.S. LNG export market,” said James Wyper, senior managing director and
