Finance
Australia's Woodside Energy signs gas supply deal with BP for Louisiana project
Published by Global Banking & Finance Review®
Posted on April 30, 2025
2 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 30, 2025
2 min readLast updated: January 24, 2026
Woodside Energy partners with BP for a gas supply deal to support its Louisiana LNG project, enhancing its global LNG portfolio.
(Reuters) - Australian oil and gas major Woodside Energy said on Wednesday it had signed a supply deal with BP, under which the British energy giant would supply natural gas to its Louisiana liquefied natural gas (LNG) project.
Under the deal, the Louisiana project would buy up to 640 billion cubic feet of gas from the integrated energy major, on a long-term basis, Woodside said in a statement, but it did not disclose any financial details of the agreement.
Woodside bought Tellurian for $1.2 billion last year to develop the 27.6 million metric tons a year Louisiana LNG project, formerly called Driftwood, in four phases to meet growing demand for gas.
Louisiana LNG would help Woodside produce around 24 million tons per annum (Mtpa) from its worldwide LNG portfolio in the next decade, making up for more than 5% of its global supply, to service demand in Europe and Asia.
The project is expected to generate $2 billion in annual net operating cash in the 2030s, offering an internal rate of return of 13% and a payback period of seven years.
Earlier this month, Woodside, Australia's top gas producer, agreed to sell a 40% stake in its Louisiana LNG plant to U.S. infrastructure investor Stonepeak for $5.7 billion. (This story has been corrected to say gas, not LNG, supply deal in the headline)
(Reporting by Rajasik Mukherjee; Editing by Alan Barona and Rashmi Aich)
The main topic is Woodside Energy's gas supply deal with BP for the Louisiana LNG project.
The financial details of the gas supply deal were not disclosed.
The project aims to produce 24 million tons per annum from Woodside's global LNG portfolio.
Explore more articles in the Finance category
