Woodside Energy Group has agreed to acquire troubled US LNG export project developer Tellurian for around $900m.
Australia’s biggest oil and gas producer will pay about $1 per share in cash to take full control of New York-listed Tellurian, including the proposed US Gulf Coast Driftwood LNG project, it said on Monday.
“The acquisition of Tellurian and its Driftwood LNG development opportunity positions Woodside to be a global LNG powerhouse,” said Woodside chief executive Meg O’Neill.
