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Woodside Power (WDS) stated late Sunday it agreed to accumulate liquefied pure gasoline developer Tellurian (NYSE:TELL) for $1.2B in money, together with debt.
Woodside (WDS) stated the acquisition of Tellurian (TELL), the developer of the 27.6M metric tons/12 months Driftwood LNG export challenge in Lake Charles, Louisiana, positions it to be “a world LNG powerhouse.”
Driftwood LNG’s growth is absolutely permitted, and just lately acquired an extension of its Federal Power Regulatory Fee authorization; building has began, with pilings for Trains 1 and a pair of full, basis work in progress and pilings underway for the LNG tanks.
Woodside (WDS) stated it’ll present a mortgage to Tellurian (TELL) of as a lot as $230M to make sure Driftwood LNG website actions keep momentum previous to the deal’s completion.
Woodside (WDS) stated it “expects to leverage its international LNG experience to unlock this absolutely permitted growth and develop its relationship with Bechtel, which is the [engineering, procurement and construction] contractor for each Driftwood LNG and our Pluto Prepare 2 challenge in Australia,” the corporate stated.
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