Welcome to the Bayou, Australia.
Bloomberg (4/28/25) reports: "Woodside Energy Group Ltd. made a final investment decision on a $17.5 billion liquefied natural gas export project in the US, cementing the Australian company’s position as a top supplier of the super-chilled fuel. The approval clears construction of the Louisiana LNG plant, which is targeting its first shipment in 2029, Woodside said Tuesday. The development will see the company handling more than 5% of global supply in the 2030s, it said. The project is the single largest direct foreign investment in Louisiana’s history, according to Woodside, a move that will likely please President Donald Trump, who imposed, and then delayed, widespread tariffs on many countries this month. Trump has called on countries to buy more American energy, and the Louisiana project will further cement the US as the world’s biggest LNG supplier."
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"New oil production will continue to increase because energy leaders are confident in the president’s commitment to unleash American energy, roll back stifling regulations, reduce our reliance on foreign countries’ dirty oil, and deliver economic relief to the American people."
– Taylor Rogers, White House Spokesperson
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