Woodside Snaps Up Tellurian in LNG Expansion Push

Australia’s Woodside Energy has struck a deal to acquire Tellurian for $1.2 billion as it seeks to turn into a “global LNG powerhouse”. The deal “adds a scalable US LNG development opportunity to our existing approximately 10 Mtpa of equity LNG in Australia,” Woodside chief executive Meg O’Neill said. “Having a complementary US position would allow us to better serve customers globally and capture further marketing optimization opportunities across both the Atlantic and Pacific Basins.”…