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.

Australian company Woodside Energy announced Tuesday that it has approved a plan for a Louisiana LNG project. The company said the $17.5 billion investment will be made in the LNG project, pipeline, and management reserve.

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.