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Stock impact report

Woodside Energy (WDS) Expected to Maintain up to 80% Interest in Louisiana LNG Project [Yahoo! Finance]

Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share (WDS) 
Company Research Source: Yahoo! Finance
August 19, Woodside Energy has been holding discussions with potential partners, including Saudi Aramco, which suggests that it could keep as much as 80% of the holding company for its $17.5 billion Louisiana LNG project in the United States. According to CEO Meg O'Neill, Woodside plans to sell 20% to 30% of the Louisiana LNG project, which came with its $900 million acquisition of Tellurian the prior year. There have been discussions for months now, and in April, the firm gave the go-ahead for construction before settling on the sale of any shares in the holding company. Woodside Energy (WDS) Expected to Maintain up to 80% Interest in Louisiana LNG Project A stock market graph. Photo by energepic.com The CEO mentioned that WDS is in no hurry to make the sale. One reason for the company's careful approach is its $5.7 billion agreement with Stonepeak, which took a 40% stake in the firm that controls the Louisiana LNG infrastructure. The agreement means Stonepeak will finance 75 Show less Read more
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