Australia's Woodside Energy gave final approval to build a $17.5 billion liquefied natural gas project in Louisiana, confident a pro-fossil fuel U.S. administration and strong demand will give it competitive returns.

Woodside Energy has made a final investment decision to move forward with its $17.5 billion Louisiana LNG project, marking a major expansion of the Australian energy company’s global liquefied n

Woodside has entered an agreement with bp to supply gas to the Louisiana LNG project in Calcasieu Parish, US. The agreement represents the first portion of a diverse feed gas portfolio that will support the project,