Woodside Energy Expands with Tellurian Acquisition

Woodside Energy Group (AU:WDS) has released an update.

Woodside Energy Group has announced the successful acquisition of Tellurian Inc. and its Driftwood LNG project, now renamed Woodside Louisiana LNG, for approximately $900 million. The project, which is still under construction and awaiting final investment decisions, boasts a capacity of 27.6 million tonnes per annum and is strategically positioned to enhance Woodside’s presence in the US LNG market. Woodside aims for project decision readiness by the first quarter of 2025, leveraging its expertise to capitalize on this significant growth opportunity.

For further insights into AU:WDS stock, check out TipRanks’ Stock Analysis page.