Woodside FID Heralds LNG Role In Trump’s Energy Dominance Agenda
The post Woodside FID Heralds LNG Role In Trump’s Energy Dominance Agenda appeared on BitcoinEthereumNews.com. Louisiana Gov. Jeff Landry looks on as Woodside Energy COO Daniel Kalms speaks at an April 29 ribbon … More cutting ceremony for the Louisiana LNG Project. Woodside Energy Last week’s announcement by Perth, Australia-based Woodside Energy that it had reached a final investment decision (FID) to move ahead with its proposed $17.5 billion Louisiana LNG project represents the single largest greenfield energy investment in Louisiana’s history. More than that, Woodside Chief Operating Officer Daniel Kalms says it reflects a general business environment in the United States that is increasingly out-competing global rivals, and in the state of Louisiana, which under Governor Jeff Landry has evolved into the central hub of the LNG industry expansion. A Competitive Economic Environment For LNG Investments “We’ve had a relationship in Louisiana for almost two decades with our Gulf of America operations,” Kalms told me in a May 1 interview conducted in the company’s U.S. headquarters in Houston. “So, we already had a good base there. And then the new administration is supportive of our industry which is incredibly helpful as well.” That change in administration has included President Donald Trump’s reversal of the Biden-era “pause” in permitting for new LNG projects, along with an administration-wide push to encourage growth in domestic energy resources in general and expansion of the LNG export industry specifically. While those and other Trump initiatives have been positive, it is also important to point out that the change of administrations was not the determining factor for Woodside’s decision to dedicate so much capital on U.S. LNG efforts. The Louisiana LNG project is an evolution of Woodside’s buyout of Tellurian and what it called its Driftwood LNG development in July of 2024, when the eventual outcome of the November elections was anyone’s guess. Obviously, the U.S. business environment was plenty…
The post Woodside FID Heralds LNG Role In Trump’s Energy Dominance Agenda appeared on BitcoinEthereumNews.com.
Louisiana Gov. Jeff Landry looks on as Woodside Energy COO Daniel Kalms speaks at an April 29 ribbon … More cutting ceremony for the Louisiana LNG Project. Woodside Energy Last week’s announcement by Perth, Australia-based Woodside Energy that it had reached a final investment decision (FID) to move ahead with its proposed $17.5 billion Louisiana LNG project represents the single largest greenfield energy investment in Louisiana’s history. More than that, Woodside Chief Operating Officer Daniel Kalms says it reflects a general business environment in the United States that is increasingly out-competing global rivals, and in the state of Louisiana, which under Governor Jeff Landry has evolved into the central hub of the LNG industry expansion. A Competitive Economic Environment For LNG Investments “We’ve had a relationship in Louisiana for almost two decades with our Gulf of America operations,” Kalms told me in a May 1 interview conducted in the company’s U.S. headquarters in Houston. “So, we already had a good base there. And then the new administration is supportive of our industry which is incredibly helpful as well.” That change in administration has included President Donald Trump’s reversal of the Biden-era “pause” in permitting for new LNG projects, along with an administration-wide push to encourage growth in domestic energy resources in general and expansion of the LNG export industry specifically. While those and other Trump initiatives have been positive, it is also important to point out that the change of administrations was not the determining factor for Woodside’s decision to dedicate so much capital on U.S. LNG efforts. The Louisiana LNG project is an evolution of Woodside’s buyout of Tellurian and what it called its Driftwood LNG development in July of 2024, when the eventual outcome of the November elections was anyone’s guess. Obviously, the U.S. business environment was plenty…
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