Woodside makes US LNG push with Tellurian acquisition
The Australian firm’s purchase represents a significant move into US LNG by an international player and will boost the planned Driftwood project after years of uncertainty
Australia-based Woodside said in late July it had agreed to buy US LNG company Tellurian for $900m in cash, or $1.00 per share of outstanding Tellurian common stock. This puts the Houston-based company’s enterprise value at $1.2b including debt and working capital, and includes the fully permitted Driftwood LNG project, on which FID has not yet been taken. Driftwood is Tellurian’s core asset. Under the current development plan, the first phase of the project would have a capacity of 11mt/yr, with a second phase adding 5.5mt/yr. The entire project comprises four phases and five liquefaction trains with a combined capacity of 27.6mt/yr. Woodside immediately stated its intention to build the pr
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
