03:45 AM EDT, 06/25/2025 (MT Newswires) -- Woodside Energy ( WDS ) said late Tuesday it has completed the sale of a 40% interest in Louisiana LNG Infrastructure, a liquefied natural gas project, to Stonepeak.

Under the terms, Stonepeak will contribute $5.7 billion toward the capital expenditure required to develop the project's foundational phase, funding 75% of capital expenditures for both 2025 and 2026. Woodside received a closing payment of approximately $1.9 billion, representing Stonepeak's share of the capex incurred since Jan. 1, it said.

The project, located near Lake Charles, Louisiana, has permitted capacity of 27.6 million metric tons per year across five trains.