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Energy behemoth Woodside (ASX:WDS) has announced it will add to its global portfolio with the acquisition of an advanced project on the US Gulf Coast, the Driftwood LNG development opportunity. Woodside is set to take on Driftwood through its acquisition of all remaining stock in Texas-based natural gas company Tellurian (NYSE: TELL) – which runs the project – for the price of $900 million, or $1.00 per share of the outstanding stock. Located near Lake Charles in Louisiana, Driftwood is an opportunity which is fully permitted, and has reached the pre-final investment decision (FID) stage, and …

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