Woodside has completed the acquisition of Tellurian Inc. and its U.S. Gulf Coast Driftwood LNG development opportunity, reports LNG Industry. Woodside has acquired all issued and outstanding Tellurian common stock for approximately $900 million cash, or $1 per share.
Woodside has also renamed the Driftwood LNG development opportunity Woodside Louisiana LNG. Woodside Louisiana LNG is an under-construction, pre-final investment decision (FID), LNG production and export terminal in Calcasieu Parish.
Woodside CEO Meg O’Neill said bringing Woodside Louisiana LNG into the global portfolio represented a significant new chapter for the company. Read more.
