Woodside Energy and Aramco have signed a non-binding agreement to explore potential collaborations, including Aramco acquiring an equity interest in the Louisiana liquefied natural gas (LNG) project and securing LNG offtake rights.
The agreement, signed at the Saudi-US Investment Forum in Riyadh, also opens the possibility of cooperation in lower-carbon ammonia production.
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Woodside CEO Meg O’Neill said: “We are excited to explore new opportunities with Aramco.
“This collaboration aligns with Woodside’s strategic vision to build a diverse and resilient global portfolio. It leverages our growing relationship with one of the world’s leading integrated energy and chemicals companies, to explore new opportunities which deliver value for both parties.
“It is also another demonstration of the ongoing interest Louisiana LNG is generating among high-quality potential investors, following our recent agreement with Stonepeak to acquire a 40% interest in the project’s infrastructure holding company.”
On 29 April 2025, Woodside made a final investment decision to develop the 16.5 million tonnes per annum Louisiana LNG project, with the first LNG expected by 2029.
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By GlobalDataIn addition to the Woodside agreement, Aramco is set to sign memorandums of understanding (MOUs) with NextDecade and Sempra, reported Reuters.
Under the MOUs, Sempra and NextDecade will supply around 6.2 million tonnes of LNG to Aramco.
Aramco’s CEO Amin Nasser told the US-Saudi Investment Forum: “The US today, in terms of gas, is almost $100bn in sales… and it is continuously increasing. The US is really a good place to put our investment.”
Last month, NextDecade signed a 20-year agreement with an Aramco subsidiary to supply LNG from its Rio Grande facility.
