Woodside Advances $17.5 Billion LNG Project in Louisiana with Carbon Capture Initiatives
Woodside has approved a $17.5 billion LNG project in Louisiana that includes carbon capture utilization and storage (CCUS) as a future option. The company is expanding its carbon infrastructure while continuing LNG capacity development, with projects such as Bonaparte CCS and a collaboration with Baker Hughes on small-scale capture technology. The next 18 months will determine if these engineering commitments lead to construction.
Theia Market Signal Identification - AI Assisted
Woodside has approved a $17.5 billion LNG project in Louisiana, incorporating carbon capture utilization and storage (CCUS) as a future option. The company is not abandoning hydrocarbons but is instead building carbon infrastructure, including the Bonaparte CCS joint venture with Inpex and TotalEnergies, currently in pre-FEED.
Additionally, Woodside collaborates with Baker Hughes on technology targeting small-scale carbon capture for oil and gas operations. The success of these initiatives will depend on whether they reach final investment decision (FID) and secure offtake agreements. The next 18 months will be critical in determining if Woodside's commitments convert into construction.
Comments