In October, Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share. The implied enterprise value is about $1.2 billion.
Woodside also said at the time it will rename Tellurian’s Driftwood LNG project Woodside Louisiana LNG.
According to a FERC filing dated December 10, Driftwood LNG LLC filed a certificate of amendment with the state of Delaware on November 20 to change its name to Louisiana LNG Infrastructure LLC (Louisiana LNG).
“In this regard, Woodside Energy has also established a new name for the Driftwood LNG Project, and herein notifies the Commission that the project name is now the Woodside Louisiana LNG Project,” the company said.
Additionally, Louisiana LNG requested that the Commission updates the corporate officials list
This includes adding Vanessa Martin as VP of Louisiana LNG.
In October, Woodisde appointed new Tellurian directors after it completed the acquisition of the US LNG developer.
SEC filing showed that Daniel Hamilton, Daniel Kalms, and Vanessa Martin became the directors of the surviving corporation.
Woodside recently signed a revised engineering, procurement, and construction (EPC) contract with US engineering and construction firm Bechtel for the Louisiana LNG export project.
The lump sum turnkey deal is for the three-train 16.5 million tonnes per annum foundation development of Louisiana LNG.
According to Woodside, total Louisiana LNG expenditure from December to end of the first quarter of 2025 is forecast to be up to $1.3 billion, which is included in the overall estimated cost for the foundation development.
Woodside said the estimated forward cost for the foundation development is $900-960/tonne, unchanged from the range at the time of acquisition.
Woodside continues to target final investment decision (FID) readiness from the first quarter of 2025.
