Woodside Energy has acquired and approved the development of the Louisiana LNG project to expand its presence in the U.S. LNG market. The Louisiana LNG project, formerly known as Driftwood LNG ...

Woodside has completed the acquisition of Tellurian Inc. and its US Gulf Coast Driftwood LNG development opportunity. Woodside has acquired all issued and outstanding Tellurian common stock for ...

Tellurian’s Driftwood LNG facility in Louisiana had the capacity to export 27.6 million tonnes a year, almost three times Woodside’s output from its Australian projects, analysts said.

SYDNEY— Woodside WDS -0.35% Energy is seeking to advance talks on the possible sale of a stake in the Driftwood LNG development in the southern U.S. in parallel with efforts to complete a $900 ...

Woodside expects to leverage its global LNG expertise to unlock this fully permitted development and expand our relationship with Bechtel which is the EPC contractor for both Driftwood LNG and our ...

In connection with entry into a binding agreement to acquire Tellurian, Woodside will provide a loan to Tellurian of up to $230 million to ensure Driftwood LNG site activity and de-risking ...

The LNG project developer could also soon secure another commercial contract for Driftwood. The company will probably need to secure additional funding and commercial contracts to build Driftwood.

The FERC decision is a sigh of relief for Tellurian and its 27.6 million tonnes per annum Driftwood facility located near Lake Charles, Louisiana, which is still expected to deliver LNG by 2028.

The 36-month extension would push back Driftwood LNG’s construction deadline from 2026 to April 2029. FERC initially approved Driftwood LNG in 2019 and gave the plant seven years for construction.

Tellurian Inc will sell liquefied natural gas (LNG) supplies to non-equity holders to bring its long-delayed Driftwood LNG project to fruition, Chairman Charif Souki said this week.