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Woodside Greenlights $17.5 Billion Louisiana Lng Project

oil-gas

Apr 28, 2025

Pipeline Gas Journal

Pipeline Gas Journal

(Reuters) — Australia's Woodside Energy took the final investment decision on a Liquefied Natural Gas (LNG) project in Louisiana and flagged a total capital expenditure (capex) of about $17.5 billion.

The announcement comes after the oil and company said last week it was assessing the impact of U.S. tariffs and other trade measures on its Louisiana project as it moved towards a final go-ahead.

The project's three separate processing units, or trains, with a 16.5 million-ton-per-annum (Mtpa) capacity, are expected to begin production in 2029. The project has the potential to add two more LNG trains, taking its capacity to 27.6 Mtpa.

The investment will help Woodside deliver about 24 Mtpa from its worldwide LNG portfolio in the next decade, contributing to over 5% of global LNG supply, the company said.

Stonepeak, an investor in the Louisiana LNG Infrastructure LLC, will put $5.7 billion towards the expected capex on an accelerated basis, placing Woodside's capex share at $11.8 billion.

Woodside's greenhouse gas emission reduction targets remain unchanged after the final investment decision on the U.S. project, the company said.

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Neuventus Gets Green Light For Gas, Liquids Storage At Texas Salt Caverns

Pipeline Gas Journal

Neuventus Gets Green Light For Gas, Liquids Storage At Texas Salt Caverns(P&GJ) — NeuVentus, LLC has received final approval from the Railroad Commission of Texas to develop 12 salt caverns at its Texas Reliability Underground (TRU) Hub in Liberty County for storage of natural gas, hydrogen, NGLs, and other products. Located in Southeast Texas, TRU Hub sits atop the Moss Bluff salt dome and is positioned near growing demand centers, including LNG, power, data centers, industrial, and petrochemical markets. The approved development includes eight gas caverns authorized under Texas Statewide Rule 97 and four liquids caverns under Rule 95. Once fully built, the 12 caverns could hold up to 96 Bcf of natural gas, 100,000 metric tons of hydrogen, or 128 million barrels of NGLs—or a combination thereof. The project’s first phase will include two natural gas caverns with a total of 20 Bcf in working capacity and a daily injection rate of 2.5 Bcf per cavern. The initial buildout will also feature a large-diameter natural gas pipeline header with up to 12 potential interconnections to major intrastate and interstate pipelines. “We are facing a defining moment in the North American energy system and particularly in natural gas infrastructure,” said Sam Porter, CEO of NeuVentus. “TRU Hub's prime location and excellent interconnectivity in the heart of the Gulf Coast, combined with the inherent flexibility of high-turn salt cavern storage, position TRU Hub exceptionally well to meet the moment and ensure that LNG, power, datacenter, industrial and petrochemical demand growth does not come at the expense of reliability.”

Kinder Morgan Maintains Annual Profit Forecast On Soaring Natgas Demand

Gas Processing and LNG

Kinder Morgan Maintains Annual Profit Forecast On Soaring Natgas DemandU.S. pipeline and terminal operator Kinder Morgan left its annual profit forecast unchanged on Wednesday, as it continued to bank on demand increase for natural gas even as President Donald Trump's sweeping tariffs sparked uncertainty across the energy industry. While Kinder Morgan does not expect tariffs to have a significant impact on project economics, it said the uncertainty sparked by them, along with commodity prices, caused the company to be "a little bit more conservative" in communicating its annual outlook. It expects to post an adjusted profit of $1.27 per share in 2025. The energy sector is bracing the impact of Trump's trade policy — which includes tariffs on steel imports — as well as an escalating trade war with China and falling crude prices. "We began efforts to mitigate the potential impact early in the quarter by preordering critical project components, negotiating caps on cost increases, and securing domestic steel and mill capacity for our larger projects, which total two-thirds of our project backlog," said CEO Kim Dang. The impact of tariffs is expected to be roughly 1% of the total project costs, she added. Any loss in demand for U.S. LNG in the Chinese market would be more than offset by increased imports by the European Union and Asia, the company said on a conference call. The company, which moves roughly 40% of total U.S. natural gas output, also said it continues to have a bullish outlook for natgas demand, banking on LNG export facilities and data centers. The Houston, Texas-based firm posted an adjusted profit of $0.34 per share in the first quarter, narrowly missing estimates of $0.35 per share, according to data compiled by LSEG. This was led by weaker earnings at its products pipelines segment and an 18.2% rise in total operating costs.

Oman Signs World’S First Commercial Scale Liquid Hydrogen Corridor Agreement

Saudi Gulf Projects

Oman Signs World’S First Commercial Scale Liquid Hydrogen Corridor AgreementAs part of the state visit of His Majesty Sultan Haitham bin Tarik of Oman to the Kingdom of the Netherlands, the Sultanate of Oman signed a landmark Joint Development Agreement (JDA) to establish the world’s first commercial-scale liquid hydrogen corridor linking Oman to Europe. The project will enable the export of RFNBO-compliant liquid hydrogen from the Port of Duqm in Oman to the Port of Amsterdam in the Netherlands and the Port of Duisburg in Germany. The agreement brings together eleven entities from Oman, the Netherlands, and Germany, including Hydrom, OQ, Port of Duqm Company SAOC, Port of Amsterdam, duisport – Duisburger Hafen AG, Ecolog International, EnBW Energie Baden-Württemberg AG, Tata Steel, Advanced Methanol Amsterdam, Hynetwork Services and other key stakeholders.