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
14 April 2026
The GECF has warned it may revise its projections for demand this year downwards in light of conflict in the Middle East, although it maintains its forecasts for 2027 and onwards
13 April 2026
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
13 April 2026
Turkmenistan is moving ahead with a modest expansion of the giant Galkynysh field to sustain gas deliveries abroad, but persistent delays to other key pipeline projects and geopolitical risks continue to constrain its export ambitions
13 April 2026
Expensive electricity has forced out swathes of energy-intensive industry and now threatens the country’s ability to attract future investment in datacentres and the digital economy
