A spokeswoman for Woodside confirmed the appointment of Bairstow as senior vice president of Louisiana LNG to LNG Prime on Wednesday.
Bairstow will join Woodside in early May.
She was until recently CEO of Mexico Pacific LNG, the developer of the planned 15 mtpa Saguaro Energia LNG export project.
Mexico Pacific announced Bairstow’s appointment as CEO in April 2024.
She has more than 20 years of international LNG and energy leadership experience.
Prior to joining Mexico Pacific in 2019, Bairstow was the head of strategic projects and commercial LNG for the Santos-led Gladstone LNG project in Australia.
Lousiana LNG FID
Asked about the final decision for the Louisiana LNG project, the Woodside spokeswoman said that the company is “progressing at pace towards a final investment decision on Louisiana LNG.”
Woodside recently signed a binding deal with US private equity firm Stonepeak to sell 40 percent of its Louisiana LNG project.
Under the transaction, Stonepeak will provide $5.7 billion towards the expected capital expenditure for the foundation development of Louisiana LNG on an accelerated basis, contributing 75 percent of project capital expenditure in both 2025 and 2026.
Stonepeak has about $72 billion of assets under management, including LNG carrier owner Seapeak, following the $6.2 deal in 2022.
Woodside said the transaction provides validation of Louisiana LNG project quality and increases attractiveness of the project to other potential equity partners.
In October 2024, Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share. The implied enterprise value is about $1.2 billion.
Woodside also renamed Tellurian’s Driftwood LNG project Woodside Louisiana LNG.
In December 2024, Woodside signed a revised engineering, procurement, and construction (EPC) contract with US engineering and construction firm Bechtel for the Louisiana LNG export project.
The lump sum turnkey deal is for the three-train 16.5 million tonnes per annum foundation development of Louisiana LNG.
Woodside said total Louisiana LNG expenditure from December 2024 to the end of the first quarter of 2025 is forecast to be up to $1.3 billion, which is included in the overall estimated cost for the foundation development.
