Woodside Energy's Strategic Investment in Tellurian Inc. Market Insights

The Merger of Woodside Energy and Tellurian Inc.

Woodside Energy Group Ltd. has agreed to buy Tellurian Inc. for about 00 million , a move that highlights the significant global demand for Liquefied natural gas ( LNG ) . The acquisition includes the proposed US Gulf Coast Driftwood LNG project , positioning Woodside to become a major player in the LNG market . Tellurian 's Driftwood LNG project , located in Lake Charles , Louisiana , has received full permits and is currently under construction , with the potential to export 27.6 million metric tons of LNG per year.

Woodside 's acquisition of Tellurian is a strategic decision to capitalize on the growing need for gas to support renewable energy sources . Woodside CEO Meg ONeill emphasized that this move would strengthen Woodside 's position in the LNG market and allow them to better serve customers globally . The company is targeting a final investment decision for the first phase of the Driftwood project by the first quarter of 2025 , with the potential to expand its export capacity significantly.

The completion of this acquisition is expected to make Woodside a global LNG powerhouse , leveraging its expertise in LNG production and expanding its partnership with Bechtel , the engineering , procurement , and construction contractor for both Driftwood LNG and Woodside 's Pluto Train 2 project in Australia . Woodside is also providing a loan to Tellurian to ensure the continued progress of the Driftwood LNG site activities.

The acquisition of Tellurian by Woodside comes at a time when the LNG market is experiencing significant growth and transformation . Woodside 's commitment to expanding its LNG portfolio aligns with the company 's long - term strategy to meet the rising demand for natural gas globally . With the completion of this deal expected in the fourth quarter , Woodside is poised to solidify its position as a key player in the LNG industry . This strategic move is a testament to Woodside 's vision for growth and innovation in the evolving energy landscape.