Woodside Struggles to Sell Louisiana LNG at High Rates
Woodside Energy faces resistance on its Louisiana LNG project as it seeks fees above market rates. Despite CEO optimism, only one major deal is signed so far.
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WOODSIDE ENERGY GROUP LTD is struggling to sell LNG from its $17.5B Louisiana project because it is seeking fees above market rates. The Australia-based producer has secured only one long-term deal for the facility, covering 25% of its output share. High pricing resistance may signal a ceiling for U.S. LNG export costs as global competition and construction expenses rise.
