Australia’s Woodside Buying Tellurian & Driftwood LNG for $1.2B

Last November, Tellurian, a company founded by Charif Souki, filed a report with the Securities and Exchange Commission warning investors that its financial situation raised “substantial doubt” that the company could continue as a going concern (see Tellurian and Its Driftwood LNG Project in Financial Trouble). Turmoil followed, with the company firing Souki (see Tellurian Fires Charif Souki – Out as Chairman & Executive Officer). Tellurian’s primary focus is to build Driftwood LNG, a 27.6 million tonnes of LNG per year facility that will cost $14.5 billion to build.

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