Woodside to acquire Tellurian and Driftwood LNG

London, July 22, 2024, (Oilandgaspress) ––Woodside has entered into a definitive agreement to acquire all issued and outstanding common stock of Tellurian (NYSE: TELL) including its owned and operated US Gulf Coast Driftwood LNG development opportunity (“Driftwood LNG”). The consideration for the transaction is an all-cash payment of approximately $900 million, or $1.00 per share of outstanding Tellurian common stock. The implied enterprise value is approximately $1,200 million. This represents an attractive entry into an opportunity with more than $1 billion of expenditure incurred to date.

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