The Wall Street Journal

Woodside doubles down on US gas with Tellurian takeover

Woodside doubles down on US gas with Tellurian takeover
Woodside already majority owns the Shenzi gasfield off the coast of Louisiana in the US. (Image: Supplied)
The Wall Street Journal
By David WinningSYDNEY –  Woodside Energy says it intends to acquire Tellurian and its proposed liquefied natural gas development in the southern US for around US$900 million (NZ$1.5 billion), doubling down on demand for a fuel used in power generation as the world pivots away from coal.Australia-based Woodside said on Monday that it has agreed to buy Tellurian, which owns the planned Driftwood LNG development near Lake Charles, Louisiana, for US$1 per share. It said Tellurian’s directors supports the transaction and that it ai...

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