Input Stories

The first brand-new U.S. liquefied natural gas export facility to advance under the new administration has gotten the final financial green light (Reuters, subscription).

What’s going on: “Australia’s Woodside Energy gave final approval to build a $17.5 billion liquefied natural gas project in Louisiana.”

•  The project—estimated to begin delivering gas in 2029—will be the largest single from-scratch investment in Louisiana to date, as well as the largest single foreign direct investment in the state’s history, according to Louisiana Economic Development.

What the project has: The Woodside LNG endeavor is “in a foreign trade zone, which gives it relief on some customs duties.”

• The construction will use mostly U.S.-based contractors, services and workers, and about half of the materials and equipment will be sourced domestically.

What it means: The project, which has an estimated lifespan of 40 years once operational, will help Woodside “produce around 24 million tonnes per annum from its worldwide LNG portfolio in the next decade, making up over 5% of global supply, to service demand in Europe and Asia.”

The NAM says: “Tremendous news from [Woodside Energy],” NAM President and CEO Jay Timmons wrote following the announcement. “Growing LNG production is vital for fostering job creation, incentivizing investment and driving America’s economy forward.”

The NAM’s record: The NAM has long urged policymakers to supercharge the nation’s LNG export capacity. In 2024, it released a joint study with EY that found the LNG export industry’s total fiscal support of federal, state and local governments was $11 billion in 2023 alone.

• The study also found that the sector, which has created tens of thousands of jobs, could support more than 900,000 additional positions and add $216 billion to U.S. gross domestic product by 2044.
• Last December, the NAM made recommendations to Trump’s transition team, advocating the removal of the Biden export ban, a move that Trump made on his first day.
• In April, the NAM recommended to 10 federal agencies that 44 regulations should be revised or rescinded. Among those proposals was the recommendation that the Department of Energy issue a new study on LNG exports.