Woodside, page-4916

@Cherokee1499 Saudi Aramco has been exploring involvement in the Driftwood LNG project in Louisiana, originally developed by Tellurian Inc.In mid-2024, Aramco entered discussions with Tellurian to acquire a stake in the 27.6 million tonnes per annum (mtpa) facility near Lake Charles, Louisiana.These talks were part of Aramco's broader strategy to expand its presence in the global LNG market, which is projected to grow by 50% by 2030 .Financial Times+14markets.*.com+14Gulf Business+14The Australian+2Gulf Business+2Reuters+2

However, in October 2024, Australia's Woodside Energy completed the acquisition of Tellurian and the Driftwood LNG project for approximately $1.2 billion.Following the acquisition, Woodside rebranded the project as Woodside Louisiana LNG and announced plans to develop it in four phases, targeting first LNG production by 2029 .The Australian+8Inspectioneering+8NS Energy+8

Post-acquisition, Aramco shifted its focus to potential collaboration with Woodside.In May 2025, Woodside and Aramco signed a non-binding agreement to explore investment opportunities, including Aramco's potential acquisition of an equity interest in the Louisiana LNG project and LNG offtake arrangements.The companies are also considering cooperation in lower-carbon ammonia technologies .Global Flow Control+2Oil & Gas Journal+2Reuters+2