The Louisiana LNG facility is expected to create roughly 400 permanent jobs and 6,500 construction jobs. Officials call it the largest foreign investment in the state's history.

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.

Woodside Energy Group Ltd. made a final investment decision on a $17.5 billion liquefied natural gas export project in the US, cementing the Australian company’s position as a top supplier of the super-chilled fuel.