Stonepeak to Acquire Interest in Louisiana Liquefied Natural Gas Terminal

Paul, Weiss is advising Stonepeak on the financing aspects of its acquisition of a 40% interest in Louisiana LNG Infrastructure LLC, a liquefied natural gas production and export terminal in Calcasieu Parish, Louisiana, owned by Woodside Energy Group Ltd. Construction on the project is currently underway; Woodside will continue to operate Louisiana LNG following completion of the transaction.

The transaction is expected to close in the second quarter of 2025, subject to certain closing conditions and regulatory approvals.

The Paul, Weiss team is led by corporate partners Eric Wedel, Ben Steadman, Caroline Epstein, Ravi Purohit and Lukas Richards and includes partners Silvia Menendez and Timothy Cruickshank; and tax partner Roberto Holo and counsel Samir Kurani.