Woodside Energy is involved in intensive discussions with "a couple of parties" interested in participating in its just-approved $17.5B Louisiana LNG gas export project, CEO Meg O’Neill said

Australian company Woodside Energy announced Tuesday that it has approved a plan for a Louisiana LNG project. The company said the $17.5 billion investment will be made in the LNG project, pipeline, and management reserve.

Global energy giant BP will supply natural gas to Woodside for its Louisiana LNG project, marking Woodside’s first secured tranche of feed gas for the site. Under the agreement, GasCo, a subsidiary of Louisiana LNG, will buy up to 640 billion cubic feet of gas from BP starting in 2029 for delivery via pipeline.