Woodside Energy has made a final investment decision to move forward with its $17.5 billion Louisiana LNG project, marking a major expansion of the Australian energy company’s global liquefied n

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.

The Louisiana LNG facility is expected to create between 500 and 1,000 permanent jobs and 8,000 construction jobs. Officials call it the largest foreign investment in the state's history.