Woodside Energy Group Ltd is an Australian petroleum exploration and production company founded in 1954 and headquartered in Perth, Western Australia. It is the largest independent dedicated oil and gas company in the country.
According to reports, Woodside Energy has announced the acquisition of Tellurian Inc. for $900 million USD in cash, alongside its net debt totaling $1.2 billion USD.
This acquisition deal is expected to close at the end of the year and will make Woodside Energy a global LNG powerhouse by securing the completion of Tellurian’s 27.6 million metric ton per annum facility in Lake Charles, Louisiana.
The report further mentions that Woodside will provide a loan to Tellurian to support Driftwood LNG operations until the transaction closes.
Tellurian Inc. is a natural gas company founded in 2016 and headquartered in Houston, Texas. It focuses on liquefied natural gas (LNG) production and export.
