Woodside Energy Group (AU:WDS) has released an update.
Woodside Energy Group is set to become a dominant force in the global LNG market with the strategic acquisition of Tellurian and its Driftwood LNG project, involving an all-cash transaction valued at around $900 million. The deal promises to expand Woodside’s LNG capacity by adding a scalable, fully permitted 27.6 million tonnes per annum development in the US, enhancing its ability to generate significant long-term cash flow for shareholders. This move aligns with Woodside’s strategy to flourish during the energy transition, banking on LNG as a crucial player in the evolving energy landscape.
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