Stonepeak completed the acquisition of a 40% stake in Louisiana LNG from Woodside for $5.7bn.

Stonepeak, a company specializing in infrastructure and energy investments, completed the acquisition of a 40% stake in Louisiana LNG from Woodside, an energy company, for $5.7bn. “We are very pleased to have Stonepeak join us in Louisiana LNG, given their demonstrated track record investing in US gas and LNG infrastructure across LNG facilities, LNG carriers, and floating storage and regasification units. This transaction further confirms Louisiana LNG’s position as a globally attractive investment set to deliver long-term value to our shareholders. It is the result of a highly competitive process that attracted leading global counterparties and significantly reduces Woodside’s capital expenditure for this world-class project,” Meg O’Neill, Woodside CEO.