Australia's Woodside Energy gave final approval to build a $17.5 billion liquefied natural gas project in Louisiana, confident a pro-fossil fuel U.S. administration and strong demand will give it competitive returns.

Woodside Energy approved the $17.5 billion development of the Louisiana LNG project, betting on strong ongoing demand for traditional fuels and the U.S. as a key natural gas supplier to the global market.

Australian energy company Woodside Energy has made a final investment decision to develop the the three-train, 16.5 million tonne per annum (Mtpa) Louisiana LNG development. The development of Louisiana LNG will position Woodside as a