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Woodside and Aramco Sign Collaboration Agreement

1. Woodside and Aramco entered a collaboration agreement for LNG opportunities. 2. Aramco may acquire equity in Louisiana LNG project. 3. Woodside anticipates first LNG production in 2029. 4. Collaboration aligns with Woodside's strategy for a resilient portfolio. 5. Woodside's recent agreements show strong investor interest in Louisiana LNG.

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Why Bullish?

The collaboration with Aramco signals strong market interest and potential growth, reminiscent of other successful partnerships in the energy sector that led to increased stock prices.

How important is it?

The collaboration with Aramco reinforces Woodside's market position and boosts investor confidence, holding significant implications for future earnings.

Why Long Term?

The LNG project’s long-term development and first production target in 2029 suggest sustained strategic benefits for investors.

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HOUSTON--(BUSINESS WIRE)--Woodside Energy Ltd (Woodside) and Aramco entered into a non-binding collaboration agreement to explore global opportunities, including Aramco’s potential acquisition of an equity interest in and LNG offtake from the Louisiana LNG project. Additionally, both companies are exploring opportunities for a potential collaboration in lower-carbon ammonia. Woodside CEO Meg O’Neill welcomed the collaboration agreement. “We are excited to explore new opportunities with Aramco. “This collaboration aligns with Woodside’s strategic vision to build a diverse and resilient global portfolio. It leverages our growing relationship with one of the world’s leading integrated energy and chemicals companies, to explore new opportunities which deliver value for both parties. “It is also another demonstration of the ongoing interest Louisiana LNG is generating among high-quality potential investors, following our recent agreement with Stonepeak to acquire a 40% interest in the project’s infrastructure holding company.” Woodside announced a final investment decision to develop the three-train, 16.5 million tonnes per annum (Mtpa) Louisiana LNG development on 29 April 2025. Woodside is targeting first LNG in 2029. About Woodside Woodside is a global energy company providing reliable and affordable energy to help people lead better lives. We leverage our track record of world-class project execution and operational excellence as we build a diverse global portfolio to meet the world’s growing energy needs. Woodside has more than 35 years of experience in the LNG industry, including pioneering Australia's LNG industry as operator of the North West Shelf Project. We are executing major projects today, while pursuing growth opportunities that will deliver long-term value for our shareholders. We maintain a strong balance sheet and a disciplined investment approach.

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