SNT Energy said on Monday it had signed an additional supply contract for air coolers worth 36.6 billion won with Bechtel.
This is an addition to a contract for air coolers worth about 71.9 billion won and announced on December 23 last year, according to the firm.
In total, the contract is now worth 108.5 billion won, or more than $74 million, SNT Energy said.
In December 2024, Woodside signed a revised engineering, procurement, and construction (EPC) contract with 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.
FID
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.
Woodside CEO Meg O’Neill recently said that Woodside is in “well advanced” negotiations with “high-quality counterparts” to sell up to 50 percent of its Louisiana LNG project.
O’Neill said during Woodisde’s earnings call that the company has “a number of high-quality counterparties with whom we are negotiating as we speak. The pricing point we will communicate in due course.”
She said the “key thing that we’re focused on with the sell-down is making sure we have those co-investors to share the capital investment. There is still quite a bit of spend facing us ahead as we move forward into this investment.”
During the call, O’Neill was also asked about the final investment decision and its relation to the sell-down.
“It’s worth noting what we’ve said is we want to be FID-ready from the first quarter of this year, and the teams are working very hard to that objective,” she said.
