(WO) — Woodside has finalized the acquisition of Tellurian Inc. and its U.S. Gulf Coast Driftwood LNG improvement for roughly $900 million in money, or $1.00 per share, with an implied enterprise worth of $1.2 billion.
The Driftwood LNG mission has been renamed Woodside Louisiana LNG. Positioned in Calcasieu Parish, Louisiana, it’s a pre-final funding determination (FID) LNG manufacturing and export terminal with a complete permitted capability of 27.6 million tonnes every year.
Woodside CEO Meg O’Neill highlighted the acquisition as a significant development step that considerably expands Woodside’s U.S. LNG portfolio. “This can be a main development alternative that allows us to raised serve world prospects and seize additional advertising and marketing optimization alternatives throughout each the Atlantic and Pacific Basins,” she stated.
Woodside goals for FID readiness by the primary quarter of 2025. The mission has made appreciable progress, with engineering design full and civil works properly superior.
O’Neill added that Woodside is exploring partnerships, as a number of events have proven curiosity in coming into the mission as strategic companions.