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Woodside Energy Group ( (AU:WDS) ) has provided an update.
Woodside Energy Group has entered into a strategic partnership with Williams, a prominent player in US natural gas infrastructure, for the Louisiana LNG project. This partnership involves Woodside selling a 10% interest in Louisiana LNG LLC and an 80% interest in Driftwood Pipeline LLC to Williams for $250 million, with total proceeds amounting to $378 million. The collaboration is set to enhance the project’s operational capabilities by leveraging Williams’ extensive pipeline expertise and gas sourcing platform. The partnership aims to deliver first LNG by 2029, reinforcing both companies’ positions as key providers of sustainable energy solutions to meet growing global demand.
The most recent analyst rating on (AU:WDS) stock is a Hold with a A$22.50 price target. To see the full list of analyst forecasts on Woodside Energy Group stock, see the AU:WDS Stock Forecast page.
More about Woodside Energy Group
Woodside Energy Group is a leading company in the energy sector, primarily focusing on the development and operation of LNG facilities. The company is known for its global marketing strategies and its commitment to meeting long-term global energy demand.
Average Trading Volume: 4,459,840
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$42.27B
Find detailed analytics on WDS stock on TipRanks’ Stock Analysis page.