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.

(Reuters) -Australian oil and gas major Woodside Energy said on Wednesday it had signed a supply deal with BP, under which the British energy giant would supply natural gas to its Louisiana liquefied natural gas (LNG) project.