July 23, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--With nearly $1 billion on the table, Woodside Energy Group (NYSE:WDS) (Perth, Australia) said Monday it could be a global liquefied natural gas (LNG) "powerhouse" with the acquisition of rival Tellurian Incorporated (NYSE:TELL) (Houston, Texas) and its U.S. assets.

Woodside on Monday made an all-stock offer for Tellurian, with a value of roughly $900 million. Building on its LNG portfolio in the Australian market, Woodside would acquire a stake in the Driftwood LNG export facility under construction on the U.S. Gulf Coast.

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