Woodside (NYSE:WDS) signed an agreement with BP (NYSE:BP) on Tuesday for the integrated energy major to supply natural gas to the Louisiana LNG project. This agreement represents the first tranche of a diversified portfolio of feedgas that will support the Louisiana LNG project,

Woodside Energy approved the $17.5 billion development of the Louisiana LNG project, betting on strong ongoing demand for traditional fuels and the U.S. as a key natural gas supplier to the global market.

Woodside acquired the Lake Charles project, formerly known as Driftwood LNG, with its acquisition of Houston-based Tellurian Inc. in 2024. The project has a total permitted capacity of 27.6 million Mtpa. Construction is underway on the foundational development with the first production target in 2029.