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.

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.

S&P Global Ratings has revised its credit outlook on Woodside Energy to 'negative' following the company's final investment decision on the Louisiana LNG export project.