Woodside Energy says it has entered into a definitive agreement to buy Gulf Coast Driftwood LNG project for $US900 million.
The project is located near Lake Charles in Louisiana.
“The acquisition of Tellurian and its Driftwood LNG development opportunity positions Woodside to be a global LNG powerhouse,” said Woodside chief executive Meg O’Neill in an ASX announcement.
“It adds a scalable US LNG development opportunity to our existing approximately 10 million tonnes per annum of equity LNG in Australia. Having a complementary US position would allow us to better serve customers globally and capture further marketing optimisation opportunities across both the Atlantic and Pacific Basins.”
