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AAP
AAP
Derek Rose

Woodside to be 'global LNG powerhouse' after $1.4b deal

Woodside United States Tellurian Meg ONeill Alex Hillman Woodside Energy Australia the Gulf of Mexico
CEO Meg O'Neill says the acquisition of Tellurian positions Woodside "to be a global LNG powerhouse" (Richard Wainwright/AAP PHOTOS)

Woodside Energy has agreed to buy a troubled US company with a fully permitted liquefied natural gas facility in development in the Gulf of Mexico in a $US900 million ($A1.4 billion) acquisition.

Australia's biggest LNG company announced on Monday that it would take over Houston-headquartered Tellurian for $1 a share, a 75 per cent premium to the New York Stock Exchange-listed company's share price from Friday.

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