Woodside Energy has signed a non-binding collaboration agreement with Aramco to explore global opportunities, including a potential equity investment and LNG offtake from Woodside’s Louisiana LNG project. The two companies are also considering joint work in lower-carbon ammonia, aligning with both firms’ evolving energy strategies.
The agreement was signed in Riyadh during the Saudi-U.S. Investment Forum, attended by Saudi Crown Prince Mohammed bin Salman and U.S. President Donald Trump. While preliminary in nature, the deal signals growing international interest in Woodside’s 16.5 mtpa Louisiana LNG development, which reached a final investment decision on April 29. First LNG is targeted for 2029.
“We are excited to explore new opportunities with Aramco,” said Woodside CEO Meg O’Neill. “This collaboration aligns with Woodside’s strategic vision to build a diverse and resilient global portfolio and reflects strong interest in Louisiana LNG from high-quality potential investors.”
The move follows Woodside’s recent agreement with Stonepeak to acquire a 40% interest in the infrastructure holding company for the Louisiana project. Woodside sees the Aramco partnership as a potential accelerator for its U.S. expansion and decarbonization goals.
A pioneer in Australia’s LNG sector, Woodside continues to broaden its global portfolio while advancing low-carbon energy initiatives and maintaining a disciplined investment approach.
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