LNG Powerhouse: Woodside to Acquire Texan Company for $1.35 Billion

‘Through this acquisition, we are delivering on our strategy to thrive through the energy transition,’ Woodside’s CEO said.

A Woodside logo is seen in Perth, Western Australia, on March 16, 2024. Susan Mortimer/The Epoch Times

Woodside has agreed to acquire U.S. liquified natural gas (LNG) developer Tellurian for US$900 million (A$1.36 billion) in an all-cash transaction, as it aims to become a global LNG powerhouse.

The Australian energy giant announced on July 22 that the deal for the Houston-based company came at $1 per share, which was a 75 percent premium to its closing stock price on the New York exchange on July 19.