Woodside Completes Acquisition of Tellurian
Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share (WDS)
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Woodside has completed the acquisition of Tellurian Inc. (Tellurian) and its US Gulf Coast Driftwood LNG development opportunity. Woodside has acquired all issued and outstanding Tellurian common stock for approximately $900 million cash, or $1.00 per share. The implied enterprise value is approximately $1,200 million.1Woodside is pleased to also announce it has 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, Louisiana. It is a high-quality, scalable development opportunity, with a total permitted capacity of 27.6 million tonnes per annum.Woodside CEO Meg O’Neill said bringing Woodside Louisiana LNG into the global portfolio represented a significant new chapter for the company.“This is a major growth opportunity that significantly expands our US LNG position, enabling us to better serve glo
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