Woodside to Acquire Tellurian and Driftwood LNG
Creates a global LNG powerhouse
Attractive entry into scalable, fully permitted 27.6 million tonnes per annum (Mtpa) US LNG development option
Significant cash generation potential to underpin long-term shareholder returns
Woodside has entered into a definitive agreement to acquire all issued and outstanding common stock of Tellurian (NYSE:TELL) including its owned and operated US Gulf Coast Driftwood LNG development opportunity ("Driftwood LNG").
The consideration for the transaction is an all-cash payment of approximately $900 million, or $1.00 per share of outstanding Tellurian common stock. The implied enterprise value is approximately $1,200 million.1 This represents an att
