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)

Mon, 22 Jul 2024

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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