The project, while yet to receive a final financial go-ahead, has already secured permits to produce 27.6 million metric tons a year of LNG – natural gas that has been super-chilled to the point that it turns into a liquid and can be loaded onto special ships.
At full capacity, Driftwood would be able to produce more than double the current LNG output from Woodside’s LNG assets in Australia.
“The acquisition of Tellurian and its Driftwood LNG development opportunity positions Woodside to be a global LNG powerhouse,” Woodside chief executive Meg O’Neill said.
“It adds a scalable US LNG development opportunity to our existing approximately 10 million tonnes per annum of equity LNG in Australia.”
Australia’s biggest oil and gas producer has struck a deal to buy a massive LNG export terminal project in the United States. CREDIT: XABIER MIKEL LABURU
