Australia's Woodside Energy said on Wednesday it has agreed to explore opportunities to collaborate with Saudi Aramco, which might take a stake in its $17.5 billion Louisiana liquefied natural gas project.

President Trump wasn’t the only one doing deals at the US-Saudi investment forum in Riyadh, with Woodside inking a landmark tie-up with energy giant Aramco.

Australia's Woodside Energy (WDS) and Saudi Arabia’s state-owned Aramco (ARMCO) have signed a non-binding agreement that could see Aramco acquire a stake in Woodside’s 16.5 million t/yr LNG project in Louisiana and collaborate on other initiatives.