Woodside Energy’s all‑cash acquisition of Tellurian Inc. in late 2024 transferred the fully‑permitted Driftwood LNG development into Woodside’s global portfolio.
The $1.2 billion transaction resolved Tellurian’s balance‑sheet constraints and rebranded the Cameron Parish project as Louisiana LNG, positioning Woodside as sole owner‑
operator of a 16.5 million-ton-per-annum greenfield export terminal with expansion rights to 27.6 million tons per annum.
Within six months, Woodside secured a 40% infrastructure investment from Stonepeak and binding LNG offtake with Uniper, materially derisking project financing.
Learn more about the Louisiana Energy Awards and meet all of the finalists and honorees.
In April, Woodside’s board approved a $17.5 billion final investment decision—the largest single foreign direct investment in Louisiana history—setting the project on course for first cargoes in 2029 and giving Woodside a strategic U.S. foothold that complements its Australian operations.
This deal was transformative for Woodside’s global portfolio, represents the first LNG project in Calcasieu Parish and has helped usher in a second wave of LNG development along the Gulf Coast.
