Woodside Gives Final Nod for $17.5 Billion US LNG Project

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Woodside Energy Group Ltd. made a final investment decision on a $17.5 billion liquefied natural gas export project in the US, cementing the Australian company’s position as a top supplier of the super-chilled fuel.

The approval clears construction of the Louisiana LNG plant, which is targeting its first shipment in 2029, Woodside saidBloomberg Terminal Tuesday. The development will see the company handling more than 5% of global supply in the 2030s, it said.