Woodside targets another 20%-30% selldown of $17.5 billion Louisiana LNG project
SYDNEY (Reuters) -Woodside Energy, Australia's top natural gas producer, said on Tuesday it would seek to sell a further 20%-30% stake in Louisiana LNG, with interest growing in the $17.5 billion project since its final approval last week. Liz Westcott, chief operating officer for Australia, said the planned selldown of Woodside's wholly owned holding company for the project would allow it to achieve its target of 50% overall ownership. "Our goal will be to sell down in the order of 20%-30% of Hold Co. That will give us a targeted investment capital of around 50%," she told the Macquarie Australia Conference.