Low-cost LNG in U.S

This is a Australia news story, published by Yahoo Finance, that relates primarily to LNG news.

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Business

Business & Economics

Woodside Energy Expands into U.S. LNG Market

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Woodside Energy, ( NYSE : WDS ), Australia ’s largest energy operator, has moved into the North American LNG market in a big way over the last 6-9 months .

Just last month Woodside announced FID approval for the first three trains of the 27.6 mpta Driftwood, now renamed Louisiana LNG .

This is a bold move for this Australian energy producer that will bring on-line 16.5 mpta .

Woodside wants to reduce its capital commitments to roughly half the cost of developing the project, which will be built in phases and is targeting production of liquefied natural gas for the first time in 2029 .

Woodside stock has taken a shellacking over the last year , down 25% .

The company trades at a pretty attractive EV /EBITDA multiple-4.11X in comparison with other participants in the LNG cohort.

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English

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