Woodside Doubles Down on U.S., LNG With Tellurian Takeover

Energy said it intends to acquire Tellurian and its proposed liquefied natural gas development in the southern U.S. for around $900 million, doubling down on demand for a fuel used in power generation as the world pivots away from coal.

Australia-based Woodside said on Monday that it has agreed to buy Tellurian, which owns the planned Driftwood LNG development near Lake Charles, Louisiana, for $1.00 per share in cash. It said Tellurian’s directors support the transaction and that it aims to complete a deal in the final three months of this year.

Source: WSJ