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Woodside Vitality (WDS) mentioned late Sunday it agreed to amass liquefied pure gasoline developer Tellurian (NYSE:TELL) for $1.2B in money, together with debt.
Woodside (WDS) mentioned the acquisition of Tellurian (TELL), the developer of the 27.6M metric tons/yr Driftwood LNG export venture in Lake Charles, Louisiana, positions it to be “a world LNG powerhouse.”
Driftwood LNG’s improvement is absolutely permitted, and just lately obtained an extension of its Federal Vitality Regulatory Fee authorization; building has began, with pilings for Trains 1 and a couple of full, basis work in progress and pilings underway for the LNG tanks.
Woodside (WDS) mentioned it’s going to 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) mentioned it “expects to leverage its international LNG experience to unlock this absolutely permitted improvement and broaden its relationship with Bechtel, which is the [engineering, procurement and construction] contractor for each Driftwood LNG and our Pluto Prepare 2 venture in Australia,” the corporate mentioned.
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