Woodside has completed the acquisition of Tellurian and its US Gulf Coast driftwood LNG development opportunity. Woodside has acquired all issued and outstanding Tellurian common stock for approximately $900 million (€823 million) cash, or US$1.00 per share (€0.92).
Woodside has also renamed the Driftwood LNG development opportunity Woodside Louisiana LNG.
Woodside Louisiana LNG is an under-construction, pre-final investment decision, LNG production and export terminal in Calcasieu Parish, Louisiana, US. It is a high-quality, scalable development opportunity, with a total permitted capacity of 27.6 million tonnes per year.
Woodside CEO, Meg O’Neill says: ‘This is a major growth opportunity that significantly expands our US LNG position, enabling us to better serve global customers and capture further marketing optimisation opportunities across both the Atlantic and Pacific Basins. Our acquisition provides a new strategic direction for this development.’
