Australia’s largest gas producer, Woodside Energy, announced Wednesday that it has appointed Sarah Bairstow, the current CEO of Mexico Pacific, to lead its Louisiana liquefied natural gas (LNG) plant in the United States. Bairstow will take on the role of Senior Vice President at Louisiana LNG starting in early May, a decision confirmed by a Woodside spokesperson.
This move comes on the heels of Woodside’s recent agreement to sell a 40% stake in the Louisiana LNG project to U.S. infrastructure investor Stonepeak for $5.7 billion. The transaction is aimed at reducing Woodside’s capital expenditure requirements for the project, marking a significant step toward making a final investment decision on the plant.
In addition to this deal, Woodside has indicated it is exploring further opportunities to reduce its ownership in Louisiana LNG by engaging with other potential partners.
Woodside’s commitment to the project was reinforced by its acquisition of U.S. LNG developer Tellurian for $1.2 billion last year. The company plans to develop the Driftwood LNG project, now named Louisiana LNG, with an annual capacity of 27.6 million metric tons, divided into four phases. The first phase alone is expected to cost around $16 billion, in response to the increasing global demand for natural gas.
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