Tellurian shareholders approve $1.2B acquisition by Woodside Energy for Driftwood LNG export project.

Tellurian shareholders have approved a $1.2 billion acquisition by Australia’s Woodside Energy Group. The deal, initially agreed upon in July, includes Tellurian's Driftwood LNG export project on the U.S. Gulf Coast. This acquisition aims to alleviate Tellurian's financial struggles, as it has been seeking partners to fund the LNG facility amid setbacks and canceled supply agreements due to concerns about project completion.

October 04, 2024
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