Woodside Energy has acquired Tellurian, gaining access to the Driftwood LNG project and solidifying its position as a global LNG powerhouse.
Australia ’s Woodside Energy has struck a deal to acquire Tellurian for $1.2 billion as it seeks to turn into a “global LNG powerhouse”. The deal “adds a scalable US LNG development opportunity to our existing approximately 10 Mtpa of equity LNG in Australia ,” Woodside chief executive Meg O’Neill said. “Having a complementary US position would allow us to better serve customers globally and capture further marketing optimization opportunities across both the Atlantic and Pacific Basins.
After failing to secure agreements and funding for the plant, Tellurian said late last year that liquidity issues 'raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statements are issued.' The company got a delay to its death sentence earlier this month when the Federal Energy Regulatory Agency approved a three-year extension of the deadline for the construction of the facility.
Tellurian LNG Acquisition Driftwood LNG Australia United States Energy Natural Gas Deal
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spark of Genius Woodside is placed under the microscopeThe findings come from the Care Inspectorate following an unannounced inspection last month with the findings now made public.
Read more »
Starbucks opens Watford café at Woodside Leisure ParkStarbucks has opened a new café for Watford commuters at Woodside Leisure Park.
Read more »
FERC Approves Louisiana LNG Project Amid Environmentalist OutcryThe Federal Energy Regulatory Commission has granted construction authorization to an LNG project for the first time since the Biden Administration paused project permitting in January.
Read more »
Red States Win Legal Battle Against Biden's LNG Export RestrictionsA federal judge has blocked the Biden administration's temporary pause on new liquified natural gas LNG export licenses, which is a victory for the energy industry and a setback for the White House's climate goals.
Read more »
Federal Judge Blocks Biden's LNG PauseA Louisiana federal judge has blocked President Biden's pause on new LNG export capacity approvals, ruling in favor of 16 states that sued the federal government.
Read more »
Big Oil to Buy Stakes in UAE's New LNG ProjectShell, BP, TotalEnergies, and Mitsui & Co have agreed to buy a 10% stake in a new Abu Dhabi LNG project, boosting the UAE's LNG production capacity.
Read more »