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Woodside to acquire Tellurian and Driftwood LNG

7/22/2024

-- Woodside Energy press release --   WOODSIDE TO ACQUIRE TELLURIAN AND DRIFTWOOD LNG ▪ Creates a global LNG powerhouse ▪ Attractive entry into scalable, fully permitted 27.6 million tonnes per annum (Mtpa) US LNGdevelopment option ▪ Significant cash generation potential to underpin long-term shareholder returns Woodside has entered into a definitive agreement to acquire all issued and outstanding common stock of Tellurian (NYSE: TELL) including its owned and operated US Gulf Coast Driftwood LNG development opportunity (“Driftwood LNG”). The consideration for the transaction is an all-cash payment of approximately $900 million, or $1.00 per share of outstanding Tellurian common stock.

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