- Woodside Energy Ltd and Aramco signed a non-binding collaboration agreement to explore global opportunities. - The agreement includes discussions about Aramco’s potential acquisition of an equity interest in the Louisiana LNG project. - Both companies are also looking into possible collaboration in lower-carbon ammonia. - Woodside CEO Meg O’Neill expressed excitement about the new opportunities with Aramco. - The collaboration aligns with Woodside’s strategic vision to diversify and build a resilient global portfolio. - The agreement was signed in Riyadh during the Saudi-US Investment Forum attended by Crown Prince Mohammed bin Salman and US President Donald Trump. - Woodside announced a final investment decision for the Louisiana LNG development on April 29, 2025, targeting first LNG production in 2029. - Woodside has over 35 years of experience in the LNG industry and aims to meet the world’s growing energy needs. - The company focuses on long-term value for shareholders through disciplined investment and major project execution.

Woodside and Aramco Sign Collaboration Agreement

May 13, 2025 8:50 PM Eastern Daylight Time

HOUSTON--(BUSINESS WIRE)--Insert after fifth paragraph: The collaboration agreement was signed in Riyadh at the Saudi-US Investment Forum attended by Saudi Arabian Crown Prince and Prime Minister Mohammed bin Salman and US President Donald Trump.

The updated release reads:

WOODSIDE AND ARAMCO SIGN COLLABORATION AGREEMENT

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.”

The collaboration agreement was signed in Riyadh at the Saudi-US Investment Forum attended by Saudi Arabian Crown Prince and Prime Minister Mohammed bin Salman and US President Donald Trump.

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.



Contacts


Media contact
Australia
Christine Forster
M: +61 484 112 469
E: christine.forster@woodside.com