Australia's Woodside Energy is unlikely to have to contend with a rival bid for U.S. LNG firm Tellurian, sources close to the proposed deal told Reuters on Friday
Australia’s Woodside Energy is unlikely to have to contend with a rival bid for U.S. LNG firm Tellurian , sources close to the proposed deal told Reuters on Friday. Last month, Woodside Energy announced an agreement to buy Tellurian for $1.2 billion as it seeks to turn into a “global LNG powerhouse”. Woodside has entered into a definitive agreement to acquire all issued and outstanding common stock of Tellurian , including its owned and operated U.S.
” Now the deal to buy Tellurian would give Woodside an attractive entry into a scalable, fully permitted 27.6 million tonnes per annum Mtpa U.S. LNG development option, the Australian firm said in July. “The acquisition of Tellurian and its Driftwood LNG development opportunity positions Woodside to be a global LNG powerhouse,” said Woodside CEO Meg O’Neill. The transaction is targeting completion in the fourth quarter of the 2024 calendar year.
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