Governor Landry announces yet another major economic development project for Louisiana.
“Woodside Energy, who has been a great partner here in the United States for decades now, is going to announce a $17.5 billion investment in this state and build a brand-new LNG facility out in southwest Louisiana,” Landry said.
Woodside Energy is an Australian-based company, and their $17 billion investment in Calcasieu Parish is the largest single foreign direct investment in Louisiana history. It’s also the first greenfield LNG export facility to advance since President Trump rolled back the Biden administration’s pause on LNG export permits.
Executive Vice President Daniel Kalms says he’s proud that the company is making such a huge investment in Louisiana.
“The $17.5 billion investment we’ve announced for Louisiana LNG will be one of the largest single greenfield investments in the state, and one of the largest in the US energy sector this year,” Kalms said.
Governor Landry says the project will create about 15,000 jobs during construction and thousands more once the facility is up and running.
“Every time these projects come to Louisiana, every time we announce these numbers, this gives the people of our state the ability to have their incomes raised,” Landry said.
The announcement comes on the heels of prior economic development announcements, including a $10 billion Meta AI data center near Monroe and a $6 billion investment by Hyundai to build a steel plant in Ascension Parish. Construction is already underway, and the goal is to have it up and running in 2029.
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