S&P Downgrades Woodside Outlook to Negative After Louisiana LNG Go-Ahead ...Middle East

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S&P Downgrades Woodside Outlook to Negative After Louisiana LNG Go-Ahead
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S&P Global Ratings has revised down its credit outlook on Woodside Energy after the Australian firm took the final investment decision on the $17.5 billion Louisiana LNG export project. The rating agency cut the outlook to ‘negative’ from ‘stable’ as the go-ahead to the project has limited Woodside’s rating upside in the absence of a material sell-down of its offtake exposure. Earlier this week, Woodside Energy announced the final investment decision for the Louisiana LNG project and plans to start production in…

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