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USD/BTC = $101,563 Block 882,199
Bechtel will build out the Woodside Louisiana LNG terminal on the Gulf Coast for Woodside Energy, according to a Dec. 5 news release from Australia’s biggest oil and gas company.
The cost of the entire five-train liquefied natural gas production and export facility near Lake Charles, Louisiana, in Calcasieu Parish is estimated at $27 billion. Reston, Virginia-based Bechtel broke ground on the project in 2022, conducting demolition, site preparation and building critical foundations, the builder said in a news release at the time.
In October Woodside paid $1.2 billion for Tellurian, the parent company that had been developing the terminal, formerly named Driftwood LNG. Bechtel has continued work since the acquisition and just signed a revised lump sum turnkey engineering, procurement and construction contract to develop the three-train, 16.5 million-tonnes-per-annum foundation facility, per Woodside.
When fully built, Woodside Louisiana LNG will be one of the biggest plants in the world, with its five liquefaction trains producing up to 27.6 million tonnes per annum of methane gas, according to oilprice.com.
This is a MASSIVE investment in LNG!